Foxconn Investing $210 Million for New Apple Plant

Written by John Ponio    Tuesday, 22 May 2012 13:39

Foxconn Logo

It was announced recently that Foxconn, who makes many of Apple's products like iPads and iPhones, will be investing $210 million in a new plant that will be used to make more Apple products. The new plant, which is expected to hire as many as 38,500 employees, will be located in Hainan, which is in southern China. The facility will be rather large, at 40,000 square meters. Apple expects the plant to have an annual output of $949 million to $1.1 billion, and and annual import/export value of $55.8 million. 

With all of the recent concerns over working conditions in Foxconn factories, I'm sure the Fair Labor Association (FLA) will be all over this making sure everything is up to snuff. The FLA has recently been given unrestricted access to all Foxconn plants, and Apple is helping to improve working conditions there, as well. To give you an idea of what the employees are paid, they work 12 hours a day for a measly $17 per day, or ~$1.42 an hour. These are the people who make your Apple Products, Kindle Fires, Xbox 360's, and more electronic gadgets.