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Report: Foxconn Will Invest $210 Million in New Apple Production Line

Report: Foxconn Will Invest $210 Million in New Apple Production Line

Foxconn, a major operating partner of Apple, is reported to be planning to invest $210 million in a new production line in China’s Jiangsu province.

AppleInsider:

The announcement was made on Monday by local authorities, and the investment will be made by Foxconn in October, according to China Daily. The 40,000-square-meter plant will be located in Huai,an city, and will employ 35,800 people.

The annual output of the plant is expected to be between 6 billion and 7 billion yuan, which is between $949 million and $1.1 billion USD. Import and export value would be $55.8 million.

Monday’s report didn’t include information about which Apple products would be assembled at the new plant. As one of Apple’s largest overseas suppliers, Foxconn is responsible for assembly of iPhones, iPads, iPods, and Macs.

Sales of Apple’s products have continued to grow, and as a major partner of Apple, Foxconn has expanded its facilities to accommodate larger production lines in order to output more product. The company announced late last year that it will double the size of its iPhone plant in Shengzhou at a cost of $1.1 billion. It will be the largest smartphone production facility in the world.

Foxconn also produces iPhones and iPads in a new plant in Brazil. Production of devices at that facility is currently limited.

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