Apple’s Manufacturer Foxconn Plans To Invest $210 Million In New Plant

Posted on May 21 2012 - 12:54pm by Editorial Staff

China Daily is reporting that Apple’s manufacturer Foxconn is planning to invest $210 million to build an Apple production line in China’s Jiangsu province in October. The plant will produce components for Apple and to be located in Huai’an city. The plant, covering an area of 40,000 square meters, and 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.

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