Manufacturing

A manufacturing plant in High Point will close by the end of next year and more than 600 people could lose their jobs.

Most of the computers sold in the United States are made somewhere else in the world.  That includes computers made by Lenovo.  But yesterday, the computer giant announced it will soon open its first U.S. based manufacturing plant.  And that plant will be in North Carolina.

Lenovo has been moving like lightening during the past 18 months.  The company has gone from 400 retail stores to four-thousand.  And it’s paid off quarter after quarter.  David Schmook is President of Lenovo for North America. 

Triad-based mattress giant Sealy is being acquired by rival Tempur-Pedic. The Lexington, Kentucky-based leader in foam mattresses will pay about $228 million in cash, and assume or pay back all of Sealy's outstanding debt. The merger would create the world's largest bedding company. Tempur-Pedic CEO Mark Sarvary says no major changes are expected in how either company is run.

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