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Foxconn to build 5 new plants in Brazil

Feb. 2, 2012 (China Knowledge) - Taiwan-based Foxconn Technology Group, the parent co of Foxconn International Holdings Ltd <2038>, the world's largest electronic component contractor and Apple Inc's principal parts supplier, is preparing to build five new plants in Brazil, said Julio Semeghini, secretary of Planning and Development of the State of Sao Paulo.

Semeghini added each plant is likely to employ 1,000 workers to principally produce iPads and other tablets PCs.

The Brazilian government, which has officially granted Foxconn long-awaited tax breaks to produce components for tablet PCs, is still in the negotiations with Taiwanese firm regarding the location of the five new plants, which are expected to be completed within five years with a combined output capacity of nearly 40 million units per year.

Foxconn currently operates facilities in Jundiai, Brazil for smart-phone equipment production.

Last April, Foxconn announced plans to invest a total of US$12 billion in Brazil in a five-year period, sources reported.

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