Foxconn has announced that it is building a new $210 million dollar production line to produce unspecified Apple components in the city Huai’an in the eastern province of Jiangsu.
It would appear that Foxconn doesn’t have many concerns about the demand for Apple products slowing down any time soon. The Chinese manufacturing company says that its new $210 million dollar facility will cover 40,000 square meters and employ 35,800 people. The annual output of the plant, which is expect to open in October, will reach between $949 million to $1.1 billion USD, and the export value will be around $55.8 million.
As expansions go, this will mark a big step for Apple, but not for the overall size of Foxconn as the manufacturing specialist currently employs over 1 million workers.
[via China Daily]
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