男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
 
Home> Previous Issues

Lenovo to buy Brazilian electronics firm

Updated: 2012-09-06 13:36
(Agencies)
Comments() Print Mail Large Medium  Small 分享按鈕 0

HONG KONG -- China's Lenovo Group Ltd agreed on Wednesday to buy Brazilian electronics maker CCE, as the world's No 2 PC maker by sales bets that Brazil's promising consumer market can help revive its slowing profit growth.

The deal, announced in a securities filing, is valued at a base price of 300 million reais ($148 million), subject to adjustments. Payment, in a mix of stock and cash, could include an additional 400 million reais, depending on performance-based indicators over the four years ending in December 2016.

"Brazil has a positive growth rate (for PCs) even in the current relatively volatile environment," Lenovo chief financial officer Waiming Wong told Reuters in an interview. "If we really go for the high growth market, the big market, Brazil is obviously the candidate."

Lenovo's purchase of CCE, Brazil's largest domestic manufacturer of electronics such as PCs, DVD players and stereos, will allow the Chinese company to nearly double its share of the PC market in the world's sixth-largest economy.

The deal will also add mobile phones and televisions to Lenovo's product line in Brazil, where it recently announced plans to build a $30 million factory, helping it expand beyond its current focus on the corporate sector.

"In order to win in Brazil long term you have to have local manufacturing," Wong said, adding that the acquisition would boost Lenovo into third place in Brazil's PC market from 7th place currently. "When CCE came along, it definitely was a good fit."

"We believe that Brazil has a bright future as one of the major emerging market economies. The relative slowdown in the economy has already been reflected in the valuation (of the deal)," Wong said.

By expanding its operation in Brazil, Lenovo follows other Chinese electronics makers such as Foxconn, which makes products such as notebooks and tablets in a local factory and plans to further expand production into liquid crystal displays.

Lenovo plans to invest $100 million in research and development in Brazil over the next five years, Dan Stone, head of the company's Brazil unit, said in a press conference Wednesday.

China is still Lenovo's main sales driver, contributing around 42 percent of its total revenue, though slowing growth has sapped demand. In response, Lenovo has aggressively expanded into other regions, primarily through overseas acquisitions.

Lenovo values the Brazilian market for PCs, smartphones, tablets and SmartTVs at $124 billion.

"In recent years, we have established a No 1 position in emerging markets, and we hope to do the same in Brazil," Lenovo said in a statement, adding that CCE's management team would be maintained. "We are attacking hard in the large, fast growing BRIC (Brazil, Russia, India, China) markets."

According to Morgan Stanley, Lenovo is close to breaking even in emerging markets, but Brazil is where the majority of its losses are incurred, largely due to high import taxes and weak distribution.

CCE, controlled by privately held Digibras, runs seven factories in Brazil and posted 1.6 billion reais ($788 million) in revenue in 2011. The company said it produced 774,000 PCs last year and expects to assemble 887,000 in 2012.

Shares of Lenovo closed down more than 7 percent in Hong Kong on Wednesday after NEC Corp sold its entire stake in the company in a deal worth 18 billion yen ($229.62 million). The market closed ahead of the CCE announcement.

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

主站蜘蛛池模板: 山东省| 隆昌县| 大竹县| 侯马市| 宁海县| 婺源县| 丹江口市| 江西省| 清丰县| 徐汇区| 文山县| 通化市| 新安县| 安塞县| 庆元县| 白朗县| 锡林浩特市| 青阳县| 兴国县| 福鼎市| 泽州县| 泽普县| 班戈县| 义马市| 临海市| 刚察县| 广东省| 集贤县| 日照市| 综艺| 柘城县| 绵竹市| 通道| 岳西县| 兴安县| 盈江县| 鱼台县| 河源市| 陆川县| 新和县| 中宁县| 修文县| 五大连池市| 安吉县| 渝北区| 翁牛特旗| 象州县| 华宁县| 通化市| 买车| 香格里拉县| 靖宇县| 宜昌市| 汤阴县| 德令哈市| 威海市| 时尚| 沧源| 公安县| 贵港市| 商河县| 田东县| 朔州市| 云和县| 平定县| 屯昌县| 瓦房店市| 五大连池市| 霍林郭勒市| 商都县| 宁蒗| 绥中县| 延庆县| 赫章县| 阳城县| 大足县| 突泉县| 滦南县| 台北县| 集安市| 大安市| 双鸭山市|