TEMPE, AZ – US manufacturing grew in March for the eighth consecutive month, with the PMI registering 59.6%, up 3.1 percentage points, says the Institute for Supply Management.
CHONGQING, CHINA – Hon Hai Group (Foxconn) will recruit more than 6,000 workers in the next six months here at its new PC manufacturing factory, according to published reports.
The firm also plans to expand the plant`s workforce to some 10,000 by 2011, all to accommodate a forecast annual output of more than 10 million notebook PCs.
The company also is pushing its suppliers to move into Chongqing, in an effort to vertically integrate a PC supply chain there. In the future, 80% of the facility’s bill of materials will be sourced locally, chairman Terry Gou said.
TAIPEI – Hon Hai Precision (Foxconn) said it agreed to buy 90.1% of Sony Corp.'s Slovakian LCD TV factory.
No financial terms were disclosed.
The firm said it would purchase the plant through its Singapore unit, Foxconn Singapore Pte.
NONTHABURI, THAILAND -- EMS firm SVI Public Co. reported 2009 revenue fell 9.2% to 6.47 billion baht. Net income fell 10% to 582 million baht.