Foxconn Finalizing Brazil Expansion PDF Print E-mail
Written by Mike Buetow   
Friday, 16 November 2012 09:35

SAO PAOLO, BRAZIL -- A Hon Hai (Foxconn) subsidiary has acquired a 350-acre site outside Sao Paolo for $12.6 million and is planning a massive expansion there.

Foxconn CMMSG Industria de Electronicos acquired the land from Toulouse Incorporacao. The company reportedly plans to invest nearly $500 million toward new plants for building smartphones, tablets and other electronics devices.

The company currently has four factories in Brazil. The latest greenfield is expected to open in 2014.

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