TAIPEI -- Hon Hai (Foxconn) and IBM reportedly are set to sign a pact to codevelop environment-friendly products.

The Central News Agency is reporting China Parliament Speaker Wang Jin-pyng and Environmental Protection Administration Minister Shen Shu-hung will be among those present at the official signing, which is scheduled for March 4.

No financial or other terms of the deal were announced.

IBM has ventured down the environmentally friendly path before. In 2007, it committed $1 billion to fund Project Big Green, an effort toward environment-friendly, energy-efficient products and services. This is its first known deal with Foxconn, however.

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