Chinese tech heavyweight Lenovo Group Ltd is expanding its global manufacturing footprint with a new factory in Ullo, Hungary. The plant focuses on building server infrastructure, storage systems and high-end personal computer workstations used by its customers throughout Europe, the Middle East and Africa.
“This is Lenovo's first in-house manufacturing facility in Europe and it represents a significant economic potential for both the private and public sectors in Hungary with increased production capacity, greater potential for collaboration with local vendors and the creation of new jobs” Lenovo stated.
According to the Beijing-based company, the plant, which officially opened on Tuesday, already employs over 1,000 full-time workers in a variety of engineering, management and operational roles, with numbers continuing to increase as the facility moves towards full capacity.
Strong infrastructure, skilled labor and a location in the center of Europe made Hungary a natural choice for Lenovo to place its first European in-house manufacturing facility. In addition, part of Lenovo's investment has been supported by local government incentives through the Hungarian Investment Promotion Agency.