Lenovo opens doors on first in-house European factory

Lenovo has officially opened its first manufacturing facility in Europe, to locally build servers, storage systems and high-end PC workstations for customers across Europe, Middle East, and Africa. lenovo first euro manufacturing facility - Lenovo's new manufacturing facility in Pest. Pic: Lenovo The factory, located in …

[Ken G]

Spango Valley

Might be another good place for an assembly plant, after Scottish Independence.

[Anonymous Coward]

Re: Spango Valley

"Scottish Independence".... Even as a Scot that made me laugh....

[Anonymous Coward]

Re: Spango Valley

Let me fix that: Scottish independence AND membership of the European Single Market.

Otherwise there’s no point for a foreign manufacturer to come all the way to Europe if they still end up on wrong side of the trade fence.

[VoiceOfTruth]

Re: Spango Valley

Scotland is so far away from Europe that it doesn't even count. Even if it was in the Single Market.

[elsergiovolador]

Tables have turned

You know you have screwed the economy, when the Chinese are opening the factories in the EU.

[Ken G]

Re: Tables have turned

You know the Chinese have screwed the economy when Europeans are the only ones who can get to work

[Len]

Re: Tables have turned

It makes perfect sense from a Chinese perspective. Hungary is a 'High Income' country and wages are much higher than in China (GDP per Capita at PPP in Hungary is almost double that of China). However, we've seen with the recent supply chain disruptions that being a bit cheaper isn't worth much if you can't get your stock into the supply chain at all.

The reason many American and Asian companies have started to open factories in Europe recently is because they want to be closer to the people or companies buying their products. We're talking about roughly half a billion of the richest consumers in the world and some of the world's biggest manufacturing bases (four of the ten biggest manufacturing superpowers are in Europe) that are sourcing parts. Sourcing parts closer to home is all the rage at the moment and Chinese companies will need to follow if they care about their bottom line.

[Version 1.0]

Re: Tables have turned

We're currently looking at an economy that resulted from the West opening factories in Asia (not just China). Decisions like that seem to offer many advantages but create a lot of problems down the road.

[Roger Greenwood]

" half a megawatt of energy, or enough to power the equivalent of a small village."

or charge a couple of Teslas - both at the same time!

[Nifty]

Interesting choice anyway

https://www.nytimes.com/2022/05/19/world/europe/hungary-russia-oil.html

"In Hungary, Cheap Russian Oil Fuels Right-Wing Culture Wars"