China Information

Monday, December 18, 2006

Foxconn to Invest USD1b in Establishing a Production Park

Foxconn, a Taiwan enterprise ranking at the 206th among the “Fortune 500”, is going to invest USD1b in East Lake New Technological Development Zone of Wuhan to establish a production park, manufacturing digital camera, display, etc. On Dec.14th, both parties signed an official cooperation agreement in Wuchang. Foxconn is a high-tech enterprise invested by Taiwan Hon Hai Precision Industry Co., Ltd. in the mainland. Guo Taiming, the top rich man in Taiwan and chairman of Foxconn, expressed that once the program was established Wuhan would be one of the most important R&D and production bases of Foxconn Group in the mainland. According to the agreement, East Lake Development Zone will assist Foxconn Group in planning and building the manufacturing base and R&D base as well as the complementary facilities such as special rail line and special transformer substation.

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