Lenovo launches laptop production in Tierra del Fuego

Thursday, August 25, 2011

Chinese PC manufacturer Lenovo has kicked off the production of laptops in Argentina's Tierra del Fuego province, the company said in a statement.

Local company Newsan will initially produce Lenovo's laptops at its facility in the city of Ushuaia. But Lenovo said it expects to have its own production site in the province next year.

"This investment reflects the strong potential of Argentina's PC market," said Alberto Paiva, Lenovo general manager for Argentina and Venezuela.

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Argentina's government offers fiscal benefits for IT companies to set up manufacturing operations in Tierra del Fuego, the country's southernmost province.

Lenovo grew sales 15% year-on-year to US$5.92bn during the first quarter of fiscal 2012, ended June 30. Lenovo's consolidated sales in emerging markets - including Latin America - totaled US$1bn for the first fiscal quarter, or 17.5% of the company's worldwide sales.