Foxconn plans $1 billion factory in Indonesia to churn out more Apple gear
Apple (AAPL) manufacturing partner Foxconn (2354) is planning a billion-dollar factory located in Indonesia, Games Industry International reported on Wednesday. The company said it was drawn to the country over Malaysia and Vietnam due to its high rate of economic growth. Foxconn also noted that the region is “sorely in need” of formal jobs, highlighting that its plant would create more than one million jobs with an average pay of $100 a month. “We are looking forward to establish a new manufacturing plant in Indonesia, although nothing is finalised yet,” a Foxconn representative said in a statement. “This will help us in manufacturing good quality products and make them available in the markets at lower prices. With this, Indonesians will also get better employment opportunities. We will continue our efforts in establishing more manufacturing plants across the globe.” Foxconn already operates several manufacturing plants in China and Brazil, and has come under fire for its alleged harsh treatment of employees.
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