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Foxconn to invest $1B in China industrial park

Posted: 26 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:China industrial park? manufacturing center? $1B investment?

Taiwan electronics firm Foxconn disclosed plans to invest $1 billion over the next three years to produce electronic products in Qinhuangdao, China, according to

The $1 billion investment is earmarked for the building of an industrial park in the Beidaihe district of Qinhuangdao, said Terry Gou, president of Hon Hai Precision, a shareholder in Foxconn Group.

The park will house a cluster of nanotechnology R&D centers as well as factories that manufacture electronics, including PCBs and signal transmitters. Gou said that park will create 35,000 job opportunities.

In February, Foxconn started its a $99 million-project in Langfang City as part of the company's strategy to move its production base from eastern coastal areas to the north and northeastern inland regions.

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