23 Nov, 2007
Electronic manufacturing services (EMS) giant Foxconn International Holdings (FIH) recently announced it is to invest US$500 million to build a new handset manufacturing base in Huizhou Guangdong Province, China.
The company will invest US$100 million initially with construction of the plant to begin at the beginning of 2008. The new plant will begin operations in the third quarter of 2008, according to company spokesman Vincent Tong.
The scale of the new plant will be the same as its plant in Shenzhen, Guangdong Province, China, noted the company. FIH expects to double its capacity after the plant is completed in order to meet business growth for the next five years, Tong added.
There is no room in Shenzhen for further plant expansion, stated Tong, and so to meet future growth in orders, FIH decided to build a new handset plant in Huizhou. The new plant will require more than 10,000 employees. Huizhou and Guangdong will become the two major bases for FIH in southern China.
FIH currently has plants in Beijing, Hangzhou (Zhejiang Province) and Hebei in China, in Mexico, and in India. The company is also planning to set up plant in Vietnam.
