Foxconn Eyeing Record with iPhone Plant Expansion

December 27, 2011, By Sanjeev Ramachandran

Foxconn, the Chinese manufacturer, has been an integral partner of Apple in the production of iPhones. The company is now, reportedly, planning to increase the size of its iPhone-producing plant, which currently manufactures more than 200,000 units in one day.

The smartphone plant is situated at Zhengzhou, and if the reports turn out to be true, then Foxconn will gather a place in the Guinness Books as the largest smartphone manufacturing company in the world. As a part of the expansion, the company will be spending $1.1 billion for the construction and other needs.

The plant will be built in Central China’s Henan province with the base centered at Foxconn Science Park in Zhengzhou. The company believes that they will get $20 billion in sales revenue next year.

After the installation of the new plant, the company’s current production lines are expected to touch a new mark of 95. Foxconn is the world’s largest contractor of electronic components and last year they had opened two new factories in Henan and Sichuan.

This step was taken aiming at the low labor costs and rising markets in the inland provinces. In the currently employed 1.2 million people, about 1 million are based on the Chinese mainland.

As of now, there are 130,000 employees working in the Zhengzhou plant. The company also has a production plant in Brazil, for producing certain iPhone models in the country.

The company is currently rumored to be working on solving the local legal issues for setting up an iPad manufacturing plant based on a $12 billion investment. Foxconn is also expected to start iPad 3 productions from January onwards.

The company looks to be truly advancing through innovations.

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