Foxconn Finalizing Brazil Expansion
Published: 16 November 2012
by Mike Buetow
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
Press Releases
- PEMTRON Announces Partnership with American Tec for Distribution in China
- Explore ROCKA Branded Products at the SMTA Long Island, Michigan and Ohio Expos
- Surf-Tech Manufacturing Corp. Ensures World-Class Quality with Advanced Conformal Coating Services
- Luminovo Partners with Sluicebox to Offer an Industry-First Instant Product Carbon Footprint for Electronics