Arab Today, arab today hewlett packard suspends production in st petersburg russia
Last Updated : GMT 13:27:38
Arab Today, arab today
Arab Today, arab today

Hewlett Packard suspends production in St Petersburg, Russia

Arab Today, arab today

Arab Today, arab today Hewlett Packard suspends production in St Petersburg, Russia

Hewlett Packard
St. petersburg - XINHUA

PC giant Hewlett Packard ( HP) on Tuesday announced its decision to suspend production on the outskirts of Russia's northern capital St. Petersburg.

The company cited "economic reasons" for the move following a 44 percent downturn in the Russian computer market in the first quarter of 2015, according to local media.

"The cost of assembling a PC in Russia is now much higher than in Asia," a source close to HP told local media.

HP and Foxconn invested 50 million U.S. dollars in a new production facility in Shushary, near St. Petersburg, in 2008. As well as capitalizing on the growing Russian market, the goal of the investment was to export to Eastern Europe, the Baltic states and Scandinavia.

Among the factors contributing to HP's decision were a struggling Russian economy as well as increasing demand for tablet devices, local experts said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hewlett packard suspends production in st petersburg russia Arab Today, arab today hewlett packard suspends production in st petersburg russia

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hewlett packard suspends production in st petersburg russia Arab Today, arab today hewlett packard suspends production in st petersburg russia

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday