HP recently signed an agreement to start up a new printer manufacturing facility in Chongqing, China, which is expected to produce 60 million inkjet and laser printers every year after completion. CEO for HP Meg Whitman was present during the signing ceremony and met with Chinese officials according to Chongqing's economic and information technology commission. Foxconn, the notable Taiwanese electronics manufacturer behind some of the biggest pieces of tech in the industry including Apple's iPad, is set to build the manufacturing facilities that HP is investing a currently unreleased amount in.
This new facility is expected to take two to three years to complete and will be completed in three stages. It is expected that, by 2015, the facility will produce 40 million inkjet printers every year, as well as 20 million laser printers and 150 million ink cartridges. The value of these products is also projected to produce $25 billion annually according to the commission.
HP, which ranks as the leading PC vendor in the world, already has facilities in Chongqing, which include a desktop and notebook manufacturing plant. HP announced last year that it would be expanding its manufacturing base in Shanghai while also building a regional China headquarters in the city as well. In addition to that, HP is looking to improve its enterprise business in China by investing more in delivering cloud computing products.
Other PC vendors, like Acer and Asus, also have manufacturing and operations facilities in Chongqing as well. Chongqing is also striving to become a major hub for technology in China. However, the city has recently become linked to a political scandal involving the city's former party secretary Bo Xilai, who has since been removed from his position. Zhang Dejiang, who replaced Bo Xilai, met with Whitman on Tuesday and welcomed HP's investment in Chongqing, noting that the new manufacturing operation was helping to develop China's western region.
Source: PC World - HP to Build New Printer Manufacturing Facility in China
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