SHANGHAI -- Hon Hai Precision Industry (Foxconn) will build two industrial parks in Liaoning Province, in Northeast China.

According to reports, the world's largest contract electronics manufacturing company will set up plants in Shenyang and Yingkou, respectively. The Shenyang factory will build spare parts and components; the Yingkou facility will produce printed circuit boards, the report said.

The size of the investments and dates for completion were not disclosed.