Foxconn to Invest $210 Mil for New Apple Production Line in Jiangsu
New 40,000 sqm Hon Hai facility to be built in Huai'an near Yancheng
Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China's Jiangsu province, local authorities announced Monday.
The plant housing the production line, to be located in Huai'an city, will produce components for American multinational corporation, Apple Inc, said the office of Taiwan Affairs of Huai'an city.
The plant, covering an area of 40,000 square meters, plans to hire 35,800 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 office said.
Foxconn Technology Group, a top maker of products for Apple, announced that it will build a high-tech manufacturing base in Hainan, China's southernmost island province early April.