Reposted from Market Watch of the Wall Street Journal
Lenovo to start first U.S. production line: reports
Kristene Quan | October 2, 2012 | Market Watch
HONG KONG (MarketWatch) — Lenovo Group Ltd. HK:992 +2.44% plans to start a production line in North Carolina next year for its Think branded notebooks, desktops and tablets, according to reports. The facility will be the company’s first in the U.S., and will be in Guilford County, the same location where it built a $10 million fulfillment center in 2008 to process orders, Hong Kong newspaper South China Morning Post reported Wednesday. The production line will cost the Chinese personal computer maker $2 million, and create 115 jobs, according to the Charlotte Observer in Charlotte, N.C. David Schmoock, president of Lenovo’s North America operations, reportedly said the initiative “reflects our confidence in the U.S. PC market.” The company hasn’t received any state or local incentives for the expansion. Lenovo HK:992 +2.44% LNVGY +2.76% shares rose 1.6% in Hong Kong morning trade Wednesday.