Foxconn seeks $8b output from new China plant

Foxconn Technology Group (2354.TPE) is seeking RMB50 billion (US$8 billion) worth of annual production from its new China plant by 2018 as clients ask suppliers for greener manufacturing, Bloomberg reported. The new plant will be more energy efficient and will use less chemicals and more recyclable materials, Foxconn Chairman Terry Gou said on Thursday without giving details. The plant is also part of Foxconn’s effort to expand into businesses such as automotive electronics, mobile phone services and cloud computing to boost growth amid slowing sales. Carbon nano tubes and recyclable materials are among the products Foxconn will develop at the site in addition to consumer electronics such as mobile phones and televisions.