Foxconn Investing $1.1 Billion to Boost iPhone Production Capabilities
China Daily reports (via Electronista) that Apple's manufacturing partner Foxconn is investing $1.1 billion to nearly double the size of a recently-opened iPhone manufacturing facility in Zhengzhou, China, banking on continued strong growth of iPhone sales.
The base will be centered on the Foxconn Science Park in Zhengzhou, provincial capital of Henan, increasing its current production lines to 95, said the Henan provincial development and reform commission during a conference.
The expansion plan, costing 7 billion yuan ($1.1 billion), is expected to bring $20 billion in sales revenue in 2012, the commission said.
The facility opened earlier this year and is already employing 130,000 workers and producing 200,000 iPhones per day. If the facility were running at full capacity seven days a week, it would be capable of producing 18 million iPhones per quarter.
A Bloomberg report from last week indicated that the city of Zhengzhou is working to help Foxconn add 100,000 workers to the facility this year, and a production boost in line with that workforce increase could see the factory yielding over 350,000 iPhones per day, or nearly 32 million per quarter.