Foxconn Planning $1 Billion Plant in Indonesia?
Foxconn is reportedly planning to build a $1 billion plant in Indonesia creating 1 million jobs, according to gamesindustry.
In a statement released yesterday, the company says it was attracted to Indonesia over Malaysia and Vietnam due to its high rate of economic growth - around 6 per cent a year. It also noted that the region is "sorely in need" of formal jobs, giving it a large workforce used to wages of around $100 a month.
"We are looking forward to establish a new manufacturing plant in Indonesia, although nothing is finalised yet," a Foxconn representative in a statement. "This will help us in manufacturing good quality products and make them available in the markets at lower prices. With this, Indonesians will also get better employment opportunities. We will continue our efforts in establishing more manufacturing plants across the globe."
Foxconn currently operates plants in China and Brazil and manufacturers much of Apple's product line.
Read More [via BGR]