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Lenovo, Compal To Set Up $300M China JV
Personal computers maker Lenovo Group is establishing a $300 million joint venture with Compal Electronics, one of its contract manufacturers.
Personal computers makerLenovo Groupis establishing a $300 million joint venture (JV) withCompalElectronics, one of its contract manufacturers,金融时报》reports. Beijing-based Lenovo will own a 51 percent stake in the newly formed venture.
The JV will set up a new plant in Hefei, in the central Chinese province of Anhui, to manufacture laptops and all-in-one desktop computers from late 2012. Lenovo and Taiwan’s Compal will invest in the venture in two phases, addsThe Wall Street Journal.
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