Business / Companies

Foxconn to spread wings in Guangxi

By HE WEI in Shanghai (China Daily) Updated: 2012-12-29 01:32

China Business News said Foxconn has completed the first phase of the plant, and large-scale recruitment is on the agenda. The Nanning complex will mass-produce LCD screens for tablets and TVs, and communications equipment including routers.

Sun Lijian, senior economist at Fudan University in Shanghai, said: "Judging from previous investments, it is safe to say that preferential policies like tax incentives from local governments are the gravitational pull for Foxconn. That's usually where they see new market buoyancy."

The company has a large presence across China, with one of its latest ventures being a distribution center in Shanghai. Construction began in May.

Market watchers said Foxconn is also considering investment in the US and is assessing cities such as Detroit and Los Angeles as possible factory locations.

"That is, again, in line with a renewed focus on manufacturing in the US, as Washington struggles to stimulate the economy and create jobs," Sun said.

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