Taiwan's Compal Electronics to build production base in Chongqing

Compal Electronics Inc., a major world contract maker of laptops, has signed an agreement to build a production base in southwest Chongqing Municipality, local authorities said Tuesday.
The Taiwan-based company is the last of the world's six largest computer contract manufacturers to have plants in Chongqing as the city strives to become the world's largest OEM (original equipment manufacturer) base for laptops, the city government said in a statement.
Zhang Yongqing, CEO of Compal Electronics, said its Chongqing base would combine research and design and the production and sales of desktops, laptops, TV sets and other digital products, plus spare parts and accessories.
The plant aims to produce 10 million laptops and other consumer electronics annually by 2015, Zhang added.
Chongqing has lured major laptop brands, including HP, Acer and Asus and contract manufacturers like Foxcom, according to Huang Qifan, mayor of Chongqing.
Huang noted that the city plans to produce 100 million laptops and 100 million related electronic terminals annually by 2015.
Chongqing's location can help reduce transportation costs for companies and make the city a major inland electronics production base, Huang said.
The revenue of the electronic information industry amounted to 136 billion yuan (21 billion U.S. dollars) in 2010, up 46.3 percent year-on-year. The number is expected to hit 200 billion yuan in 2011.
Source:Xinhua
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