ST. PETERSBURG – EMS/ODM Foxconn Electronics plans to invest at least $50 million constructing a plant near St. Petersburg, local reports say.

According to the report, Foxconn will build several HP product lines at the plant, including PCs, LCD monitors and network gear to be sold in Russia and worldwide, the company says.

The company earlier said the suburban St. Petersburg construction site would total 60,000 sq. meters.