by Anton Shilov
12/27/2011 | 10:14 PM
Foxconn Electronics, the world's largest contract maker of electronics, is said to be planning a further expansion of its factory in Henan province in China in a bid to dramatically expand manufacturing capacities for Apple iPad, iPhone and other electronics gadgets.
The manufacturing facilities in Foxconn Science Park in Zhengzhou, provincial capital of Henan, will next year be expanded to 95 surface-mount technology (SMT) production lines, an unprecedented number. The expansion plan, costing 7 billion yuan ($1.1 billion), is expected to bring $20 billion in sales revenue in 2012, according to China Daily.
At present Foxconn can produce 200 thousand of iPhone smartphones daily. With further popularization of smartphones and teblets next year, Foxconn will likely land additional orders from Apple as well as its rivals in 2012. As a result, the world's largest electronics manufacturing facility will not stand idle.
Foxconn currently employs 1.2 million people worldwide with one million located in China.