toggle

AAPL Stock: 121.3 ( -1.07 )

Printed from http://www.macnn.com

Foxconn to spend $210M on new Apple production line

updated 10:05 am EDT, Mon May 21, 2012

Huai’an plant to host 35,800 workers

Asian manufacturer Foxconn is preparing to spend $210 million on a new Huai'an production line for Apple, according to China Daily. The plant has been announced by local officials, and is expected to consume 40,000 square meters (over 430,556 square feet), and employ 35,800 people. Predicted output is valued at 6 to 7 billion yuan, or somewhere between $949 million and $1.1 billion, with an import/export value of $55.8 million.

Construction should take place in October. What Apple products might be built at the plant are unknown; the company could use it to supplement current iPhone and/or iPad production, or it could turn it towards a new product, such as Apple's rumored 7-inch iPad or even its upcomingTV set.

China Daily notes that Foxconn is planning to build another factor in Hainan province in early April. Foxconn's main campus is in the city of Shenzhen, where 200,000 or more people work on products for several major Western corporations including Apple.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Tanker10a

    Joined: Dec 1969

    +3

    Domestic?

    Imagine building such a plant in the U.S.

  1. coffeetime

    Joined: Dec 1969

    +2

    I was thinking....

    the same thing. U.S. desperately need jobs here.

  1. Stuke

    Joined: Dec 1969

    +2

    font-size:13px

    Apple, why not spend some cash and do this in the USA?

  1. brainiac

    Joined: Dec 1969

    +3

    Why not???

    One time cost vs Ongoing labor costs. That is why. Plus labor rules plus environmental operating rules.

    Pretty obvious why not.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented