N.C. computer maker returns to Fortune Global 500 |
Written by David Horn
|
Friday, 08 July 2011 10:20 |
(MORRISVILLE) -- Lenovo is in the Fortune Global 500, placing No. 449 in Fortune Magazine’s 2011 ranking of the world’s largest corporations by revenue. Lenovo is headquartered in Research Triangle Park.
It was 2008 when the world's number 4 computer maker was last in the Fortune 500. The company is the fastest growing of the top-five PC manufacturers worldwide for the sixth quarter in a row, according to a Lenovo press release.
“Over the past two years, we have made significant progress in our journey toward becoming the leading personal technology company in the world, and our return to the ‘Fortune Global 500’ rankings serves as great recognition of Lenovo’s strong business results and our focus on serving our customers and business partners," said company CEO Yang Yuanqing.
Lenovo credits the rise to what it calls a “protect and attack” strategy. The company puts a major focus on maintaining a stronghold in China while aggressively building brand awareness and presence in new and emerging markets.
While Lenovo is headquartered in North Carolina, most of its manufacturing takes place in China.
|