Reuters: Technology News: Foxconn to invest $5-10 billion in Indonesian plant: Trade Minister

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Foxconn to invest $5-10 billion in Indonesian plant: Trade Minister Aug 14th 2012, 12:41 Tweet Share this Email Print Related News Foxconn to invest $5-10 bln in Indonesian plant-Trade Minister 8:37am EDT Insight: Top palm oil producer Indonesia wants to be more refined Mon, Jul 16 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Workers walk out of the entrance to a Foxconn factory in Chengdu, Sichuan province July 4, 2012. Credit: Reuters/Stringer JAKARTA | Tue Aug 14, 2012 8:41am EDT JAKARTA (Reuters) - Foxconn Technology Group is to set up an operation in Indonesia with plans to invest $5-10 billion over five to 10 years and starting with the assembly and production of 3 million handsets per year, Indonesia's Trade Minister Gita Wirjawan told reporters on Tuesday. The first investment will start in October and in phase two of the project, starting in July 2013, Foxconn will build a plant and increase output to 10 million units per year. Foxconn, which is based in Taiwan, is the main supplier for Apple Inc and has been in talks with the Indonesian government for some time. (Reporting by Yayat Supriatna; Writing by Matthew Bigg; Editing by Greg Mahlich) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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