Foxconn plans more investment in Henan

FOXCONN, one of the world's largest electronics manufacturers, plans to increase its investment in central China's Henan Province after moving factories to Henan and southwest China's Sichuan Province last year.

Foxconn plans to invest in 19 new projects in Henan, including factories that will produce camera lenses and LED lighting rigs, as well as more branches of Foxconn's retail chain Cybermart, Terry Gou, chairman of the Foxconn Technology Group, said during an economic forum in Taipei yesterday.

"We are going to fully expand our investment in Henan, using Zhengzhou (the provincial capital) as the base," Guo said, without revealing the total amount of investments for these projects.

Foxconn produces iPhones and iPads for Apple, computers for Dell and devices for other well-known tech companies around the world.

Based in Taiwan, Foxconn has operated factories on the Chinese mainland for years. One of its largest factories is in Shenzhen in south China's Guangdong Province, which was troubled by a series of employee suicides last year.

The company began to build new factories in the country's central and western provinces last year. Two factories were built in Zhengzhou, including one that produces iPhones, as well as one in the Sichuan capital of Chengdu.

Henan's excellent geographical location, well-developed infrastructure, rich supply of skilled workers and stable energy supply have created good conditions for Taiwan investors, Guo said.

A 350-member delegation, headed by Henan Governor Guo Gengmao, was in Taiwan, where it held the investment forum yesterday.

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