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Hon Hai Ups Investments to US$267 M. in Mainland China
2007/11/12
Taipei, Nov. 12, 2007 (CENS)--Hon Hai Precision Industry Co., the world`s largest electronic manufacturing service provider, will increase investments by US$267 million (NT$8.675 billion) in mainland China by using preserved earnings to increase capital.
Hon Hai noted it would increase investments in its 10 factories in the mainland, including those located in Kunshan of Jiangsu Province, Taiyuan of Shanxi Province, Tianjin Municipality, Shenzhen of Guangdong Province, and Yantai of Shandong Province.
The increased investments will cover such industries as computer components, precision parts, precision molds, precision electronics, plastics, painting, and printing.
Recently, the company has resolved to invest US$35.1 million to establish a plant in Changsu of Jiangsu Province, which will be its first plant in Changsu. The Changsu plant is established to extend in-time services to Quanta Computer Inc.`s Changsu plant.
In Changsu, Hon Hai will set up two affiliates, including Fuyang Electronic Technology (Changsu) Co. and Fulin Electronic Technology (Changsu) Co.
(by Ben Shen)
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