Pages

Tuesday, April 12, 2011

Foxconn 'mulls $12bn Brazil move' as it seeks expansion

BBC News, 13 April 2011

Related Stories

Foxconn has been looking to expand its
operations in markets outside China
Foxconn in planning to invest as much as $12bn (£7.4bn) in Brazil, according to the country's president Dilma Rousseff.

Taiwan-based Foxconn operates the majority of its factories in China, producing goods for firms like Apple, Hewlett Packard and Dell.

The electronics maker has been looking to expand its operations beyond China, due to rising Chinese labour costs.

Foxconn is the biggest contract electronics manufacturer in the world.

Ms Rousseff said that her government was discussing various options with the company.

"You've got an ample range of investments that go from $300-to-$400m to $12bn over 5 to 6 years in the case of Foxconn," she said.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.