Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Lenovo Group Limited    0992   HK0992009065

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Lenovo Group Ltd : LENOVO TO EXPAND PC PRODUCTION CAPACITY THROUGH COMPAL JOINT VENTURE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/27/2011 | 02:45am CEST
LENOVO TO EXPAND PC PRODUCTION CAPACITY THROUGH COMPAL JOINT VENTURECompanies will open new manufacturing center in Hefei, China

HEFEI, China – September 27, 2011:Lenovo (HKSE: 992) (ADR: LNVGY) and Compal Electronics, Inc. today announced an agreement to form a joint venture company that will build and operate a new manufacturing center in Hefei, China. In combining with Compal, one of the world’s leading original design manufacturers (ODMs), Lenovo will add production capacity needed to sustain rapid growth that has seen the Company become the PC industry’s fastest-growing major supplier for seven consecutive quarters, while strengthening its ability to deliver innovative products, faster, on a global scale.

The two companies will invest US$100 million initially, followed by an additional $200 million in the next 18 months subject to business conditions and capacity expansion, to start up the new company and construct the facility. Lenovo will hold a 51 percent stake in the joint venture and Compal 49 percent. 

The Hefei facility is scheduled to begin full-scale manufacturing by the end of 2012, at which time it will produce a range of Lenovo laptop and “All-in-One” desktop PCs. The joint venture will operate as a stand-alone supplier, providing Lenovo exclusively with finished systems for sale around the world. It will integrate both companies’ advanced engineering and manufacturing expertise with the objective of more rapidly delivering innovative technologies that surpass customers’ requirements for design, performance and functionality, while meeting their budgets.   

The Hefei facility will extend Lenovo’s efficient global manufacturing network, which leverages a mix of in-house factories and outsourcing partners, including Compal, to deliver all products worldwide. The joint venture will serve a portion of Lenovo’s expected future growth, while existing in-house facilities and Original Design Manufacturer relationships also support expansion.

“This joint venture will help us further optimize our manufacturing network, increase production capacity and satisfy rapidly growing demand for our offerings. Based on our deep understanding of customer requirements, it will also help us provide innovative products to our customers in a faster and more efficient way, while enhancing our integrated innovation capability." Lenovo CEO Yang Yuanqing said.  "As the fastest growing major PC company in the world, Lenovo is fully committed to the PC industry for the long term and we are very optimistic about its future, while making significant long-term investments in the mobile internet.  We have the right strategy, a successful business model and innovative products. These key elements of our core competitiveness will help us to continue winning. ”

The agreement with Compal is the latest move by Lenovo to sustain the rapid growth that has enabled the company to outperform its top five industry rivals for nearly two years. Earlier this year, Lenovo began a PC joint venture with NEC in Japan and later acquired Medion, a major personal technology company based in Germany.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$21 billion personal technology company serving customers in more than 160 countries, and the world’s third-largest PC vendor.  Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services.  Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones.  Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.www.lenovo.com.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LENOVO GROUP LIMITED
01:05a LENOVO : ZUK Z2 Rio 2016 Edition with 3GB RAM found online
07/27 LENOVO : K5 Note coming with 4 GB variant in India; specs include 5.5-inch displ..
07/27 Lenovo to Launch a Vibe K5 Note Variant with 4GB RAM
07/27 LENOVO : Vibe K5 Note will be Flipkart exclusive
07/27 LENOVO : K5 Note to be available exclusively on Flipkart
07/27 JD.com, Lenovo Group Team Up in Online Sales Value
07/27 LENOVO : Launches The Vibe K5 Note In India
07/26 Moto Z & Moto G Android Security Update, Moto Z & Moto Z Force China Release ..
07/26 LENOVO : Vibe K5 Note to be exclusively available via Flipkart
07/26 LENOVO : K5 Note to be available exclusively on Flipkart
More news
Sector news : Computer Hardware - NEC
06:25pDJAPPLE : China Clears Road for Uber to Operate Legally
06:11pDJAPPLE : Hard-Charging Tactics Hurt TV Expansion -2-
06:11pDJAPPLE : Hard-Charging Tactics Hurt TV Expansion
05:38pDJMARKET SNAPSHOT : Stocks Fall As Oil Tumbles, Earnings Disappoint
03:15pDJMasterCard Results Top Expectations as Transactions Grow
More sector news : Computer Hardware - NEC
News from SeekingAlpha
06/11 Apple App Store, Lenovo-Motorola Smartphones (Podcast)
06/10 EYE ON TECH : Yahoo Second-Round Bids Arrive, And Apple Reportedly Plans Another..
06/09 Business Smartphones and Tablet shipments fall in Q1
06/09 IDC cuts PC shipment forecast
06/06 Qualcomm And Samsung Built Cheaper Alternatives To iPhone 6
Advertisement
Financials ($)
Sales 2017 43 727 M
EBIT 2017 996 M
Net income 2017 683 M
Debt 2017 1 119 M
Yield 2017 4,21%
P/E ratio 2017 10,33
P/E ratio 2018 9,26
EV / Sales 2017 0,19x
EV / Sales 2018 0,17x
Capitalization 7 333 M
More Financials
Chart LENOVO GROUP LIMITED
Duration : Period :
Lenovo Group Limited Technical Analysis Chart | 0992 | HK0992009065 | 4-Traders
Full-screen chart
Technical analysis trends LENOVO GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 0,77 $
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President, Chief Operating Officer & Executive VP
Wai Ming Wong Chief Financial Officer & Executive Vice President
Peter D. Hortensius Chief Technology Officer & Senior Vice President
Qingtong Zhou Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LENOVO GROUP LIMITED-34.44%7 333
APPLE INC.-2.19%563 901
EMC CORPORATION10.36%55 354
HEWLETT PACKARD ENTERP..33.88%33 816
HP INC18.16%23 931
SEAGATE TECHNOLOGY PLC-12.58%9 566
More Results