While it has vowed to pursue further growth at home, mainland computer giant Lenovo Group continues to push its overseas expansion forward with the opening of a manufacturing plant in Mexico.
The world's fourth-largest personal computer supplier has spent about US$40 million to build the 24,155 square metre facility, which was launched last week and represented the company's largest manufacturing investment outside the mainland.
Chief executive Yang Yuanqing said the challenge for Lenovo amid the economic downturn was 'to focus on the execution of our growth strategy' in Greater China and for its commercial sector sales, its biggest exposure of which is in the Americas.
'These will continue to be the core of our business, so we have to protect these areas and maximise profits from them,' Mr Yang said.
That is why Lenovo was keen on boosting its in-house manufacturing capabilities, especially in the firm's key geographical markets, while keeping its options open to tapping third-party contract manufacturers when needed.
'We want to have flexibility and ensure that we deliver the best-quality products we have designed to our customers quickly,' Mr Yang said.