Mon, April 02, 2012
Business > Industries

Foxconn to build high-tech base in China's Hainan

2012-04-01 10:51:02 GMT2012-04-01 18:51:02(Beijing Time)  Xinhua English

BOAO, Hainan, April 1 (Xinhua) -- The Foxconn Technology Group, one of U.S. tech giant Apple's biggest suppliers, will build a high-tech manufacturing base in south China's island province of Hainan, the Taiwanese company said Sunday.

"I hope construction on the plant will begin in Haikou this year," Terry Gou, the group's chairman, said at the 2012 Boao Forum for Asia (BFA), which is currently being held in Hainan.

However, Gou said he was not sure about the timetable, as the local government will determine when construction can begin.

Gou broke the news while signing a strategic contract with Hainan Airlines, the country's fourth-largest air carrier, at the forum.

The companies will work together on logistics and e-commerce projects, allowing Foxconn to speed up its shipping and ensure that its products are delivered to global clients in a timely manner, Gou said.

Hainan Airlines, founded in 1993, operates nearly 500 routes to more than 90 destinations around the globe.

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