HP Plans To Build New Printer Manufacturing Factory
Ink company HP has signed an agreement to introduce a new manufacturing facility in Chongqing, China.
The factory is set to produce 60 million inkjet and laser printers annually, after its three building stages are completed over two to three years.
It is estimated that, by 2015, the facility will develop 40 million inkjet printers, 20 million laser printers and 150 million ink cartridges.
HP chief executive officer Meg Whitman took part in the signing agreement and the factory will be built by electronics specialist Foxconn, with the overall value of products manufactured in the facility predicted to range from $1.2 billion (£700 million) to $2.5 billion.
HP's products have come in for praise from many consumers an experts, with the company's Officejet Pro 8600 Plus e-All-in-One Printer picking up a four star rating from CNET.
The site's reviewer highlighted the device's ability to print professional-quality photos as one of its benefits.
Posted by Canzil Ahmed.