There are no active ads.

Advertisement

Foxconn to Invest $5B to $10B in Indonesian Expansion

by Todd Haselton | August 14, 2012August 14, 2012 8:00 am PST

Foxconn Technology Group, one of Apple’s primary manufacturers, plans to invest $5 billion – $10 billion to expand its operations into Indonesia. The firm will spend that amount during the next five to 10 years and plans to build 3 million new handsets per year, Reuters reported on Tuesday. Foxconn is on schedule to begin its investment this Oct. and hopes to increase its mobile phone output to 10 million units each year by July of 2013.

Foxconn also has plants in Taiwan and Brazil, but has been under fire for poor working conditions. The company’s plants were inspected by the Fair Labor Association earlier this year, which found health and safety risks and excessive overtime. Despite those reports, workers still line up for a chance to work in Foxconn’s facilities. Apple, for its part, has implemented stricter management policies throughout its supply chain and has called for more frequent inspections.

[via Reuters]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

Advertisement

Advertisement

Advertisement