Foxconn Technology Group’s (2038.HK, 2354.TPE) new US$100 million factory in central Henan province began production on Monday, as the Taiwan electronics maker moves its facilities to inland China, state media reported. More than 500 employees were on the production line of the workshop – owned by Foxconn’s subsidiary, Futaihua Precision Electronics – which the company has temporarily rented from the city government. Many of the factory’s employees volunteered to work at the new plant, a Futaihua spokesman said, as they have worked at Foxconn’s Shenzhen plant and many are from Henan originally. Construction on the company’s permanent plant will begin on August 20 at a site several kilometers away. It is slated to begin production in one year and will make about 200,000 iPhones per day. Foxconn has also opened inland plants in Hebei, Shanxi and Hubei provinces, in addition to the city of Chongqing.
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