Foxconn, the world's biggest contract manufacturer of mobile
phones, plans to invest at least US$500 million in the next few
years in a south China city to build a handset plant to expand
capacity, according to a media report yesterday.
The plant, likely to employ more than 40,000 workers, is in
Huizhou in Guangdong Province and will start construction in
January and begin production by the end of next year. The plant's
annual revenue will reach two billion yuan (US$266 million), the
Nanfang Metropolis Daily reported yesterday.
The Huizhou factory may eventually become larger than the
company's facility in Shenzhen, also in the province, where the
company has its headquarters, the company said without providing
further details.
Efforts to reach Edmund Ding, Foxconn's spokesperson, by phone
and e-mail yesterday were unsuccessful.
"Foxconn will benefit from a wider adoption of metal casing by
its leading clients for handset and handheld devices," Merrill
Lynch said in a report last month, .
Foxconn, 31 percent owned by Taiwan-based Hon Hai, counts
Nintendo, Motorola, Apple, Nokia, Sony, HP and Dell as clients.
(China Daily November 23, 2007)
