Foxconn to invest $210 million towards new Apple production line

Mon, May 21, 2012


China Daily is reporting today that Foxconn is planning to invest upwards of $210 million towards a new production line for Apple products. The rumored production line will be quite sizeable, measuring in at about 40,000 square meters with the line expected to house about 36,000 employees.

“The annual output value of the plant is expected to reach 6 to 7 billion yuan ($949 million to $1.1 billion), and the import and export value will be $55.8 million”, the report claims.

As for what the new production line will be producing, well, that remains unknown. The factory is sent to begin construction in October, so it’s probably not going to be producing any Apple products anytime soon.


Comments are closed.

eXTReMe Tracker