| Foxconn Constructing Plant Near St. Petersburg |
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| Wednesday, 27 February 2008 07:26 | |||
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ST. PETERSBURG – Foxconn Technology Group is making headway toward building an assembly plant near St. Petersburg. The firm has reportedly begun construction on a 12 hectare-site near Kolpino. The company plans to invest about $50 million on the project and will employ some 5,000 staff at the site, according to reports. Foxconn Rus and Logopark Kolpino signed an agreement on Feb. 22, which stated Foxconn’s plant will be constructed within Logopark. A shortage of personnel in St. Petersburg is said to be a serious issue, and is unlikely to be resolved soon. Foxconn said it could introduce social incentives in an attempt to “improve the company’s compatibility in the market,” say published reports. Plus, the company hopes to help with Kolpino residents currently working in St. Petersburg who commute between the suburbs and the city. Hewlett-Packard has a stake in the project, and its PCs and laptops initially will be assembled at the plant. H-P’s share in the business is under discussion. Initially 20,000 PCs and laptops will be produced in Kolpino, with future plans to expand production up to 100,000. Production is planned for launch at the beginning of 2009.
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| Last Updated on Wednesday, 27 February 2008 07:26 |
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