Sina Tech, 2/15/11
Taiwanese electronics manufacturer Foxconn's (2038.HK; 2354.TW) touch screen LCD display plant in Dongguan, Guangdong province began recruiting and training additional workers before Chinese New Year and will begin production in March, according to Liu Zhida, member of the municipal committee for the town of Huangjiang in Dongguan. Foxconn estimates 2011 production value of the plant should reach USD 100 mln. After recouping a projected USD 100 mln investment, the plant is expected to achieve annual production value of USD 250 mln, and employ 10,000 workers.
Editor's Note: For more background on this topic, please see "Foxconn to Build USD 25 Mln TFT-LCD Plant in Guangdong" MD 9/08/09 issue.