DONGGUAN – Foxconn's new plant here has not yet begun operations as scheduled, say published reports.

Lessening demand in foreign markets could be the culprit, according to industry analysts.

The plan was for the plant to begin production in March, with expected 2011 revenue of $100 million.

In January, the electronics manufacturer signed an agreement for a 100,000 m2 factory to produce components for small- and mid-sized touch screens and flat panels.

The project would cost $100 million, with an investment of $25 million, says the local government.

Foxconn has not commented on the situation.