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Foxconn plans $1 billion factury in Indonesia

Posted on Thursday, July 19 2012 @ 16:05:34 CEST by


GamesIndustry reports Foxconn plans to build a $1 billion manufacturing facility in Indonedia. The plant is expected to create around 1 million jobs in the region.
The new manufacturing plant will create around 1 million jobs in the region. Foxconn is currently discussing its plans with the Indonesian Ministry of Industry.

Foxconn already operates several manufacturing plants in China and Brazil, where it assembles electronic goods for many of the world's biggest technology companies.

In a statement released yesterday, the company says it was attracted to Indonesia over Malaysia and Vietnam due to its high rate of economic growth - around 6 per cent a year. It also noted that the region is "sorely in need" of formal jobs, giving it a large workforce used to wages of around $100 a month.




 



 

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