Indonesia Minister: Foxconn May Start Producing Phone Handsets in Indonesia This Year

Jakarta — Electronics giant Foxconn Technology Group (2354.TW) may start producing cellular phone handsets in Indonesia in December this year, according to Indonesia’s Industry Minister Muhamad Hidayat Tuesday.

The company will likely have its factory on 400-square meters in Banten Province’s industrial area of Cikande, northwest of Jakarta, Mr. Hidayat said.

“There’s already a building there which will be renovated,” he told reporters after a meeting with the Taiwan company that makes Apple’s popular phones and other gadgets.

Initial investment could be some “hundreds of million of dollars,” he said without elaborating.

He repeated an earlier statement that the company may invest between $5 billion and $10 billion over the next 10 years.[]

Fox Business

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