| Foxconn Finalizing Brazil Expansion |
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| Written by Mike Buetow | |||
| Friday, 16 November 2012 09:35 | |||
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SAO PAOLO, BRAZIL -- A Hon Hai (Foxconn) subsidiary has acquired a 350-acre site outside Sao Paolo for $12.6 million and is planning a massive expansion there. Foxconn CMMSG Industria de Electronicos acquired the land from Toulouse Incorporacao. The company reportedly plans to invest nearly $500 million toward new plants for building smartphones, tablets and other electronics devices. The company currently has four factories in Brazil. The latest greenfield is expected to open in 2014. Check out Board Talk, our new bulletin board: http://theprintedcircuitboard.com
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