Lenovo Will Invest $30 Million In Brazil To Open Its Permanent Shop In The Country

Posted on Jul 5 2012 - 2:23pm by Editorial Staff

As expected, Lenovo today officially announced that it will invest $30 million in Brazil in order to open its local permanent shop in country i.e. manufacturing plant and a distribution center, according to the Brazilian tech blog Ztop. The Chinese company said in a statement that “The new facility will have 325,000 meters square and, according to the schedule, will be in operation by December 2012. Up to 700 employees will be allowed when the unit reaches a maximum production capacity, which is expected to happen within two years.” The company last month only announced its fourth quarter results with consolidated sales increased by 54 percent to $7.5 billion, and now we hope with this new investment it will help company to increase more.

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