Author: satsu_jin

Foxconn Plans Plant With 300,000 Workers in Central China's Henan Province [Copy link] 中文

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Post time 2010-7-8 11:46:07 |Display all floors

Reply #38 satsu_jin's post

It's pretty strange, THE FOXCONN controversy!

In 2009, reported to have 500,000 workers!
In 2010, need to have 800,000 workers!
another 300,000 workers in one year!

A new model of CONTRACT MANUFACTURING based on the CHINA CAMPUS system!

The global market for mobile phone = 1.1 billion units (2009)
Gaming consoles = 150 million units (2009)
Hand held consoles = 250 million units (2009)
Desk Top computers = 600 million units (2003)

IT'S NOT RELOCATION, but demand of HIGH END GAMING CONSOLE, HAND HELD SYSTEM in Japan, Europe, British Club, and USA!

Now 420,000 in Shenzen!!!! 170,000 in Tianjin!!!! 100,000 in Henan?

Watch it!
Who is financing the FOXCONN expansion?
Which local government is building factory buildings for Foxconn?

hmmmmmmm

Mr. Policeman in Tokyo, watch it!

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Post time 2010-7-8 11:50:12 |Display all floors

us$50,000 per worker investment!

In 2010, extra 300,000 workers!

That means 300,000 x US$50,000 = US$15,000 million extra investments!
A company with global profit is US$1.5 billion, the new investment = 10x 2009 profits!

1,000,000 workers in 2011?
extra 500,000 in just 2 years = US$25 billion investment!

No doubt, Sichuan, Henan is interested in the investments!
I think Shenzhen ran out of workers and space for FOXCONN!

ha ha ha


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Post time 2010-7-14 08:59:43 |Display all floors
Foxconn may acquire a web game company in Chengdu

Foxconn Technology Group, a Taiwan-based leading electronics producer, plans to acquire Handseeing Information Technology Co Ltd., an online game developer in Chengdu, Sichuan Province, for a business expansion, sources reported.

In 2005, the Chengdu-based Handseeing Information founded with registered capital of RMB 500,000. The firm, specializing in the R&D and promotion of web games, attracted RMB 50 million from Shenzhen Green Pine Capital Partners, a venture capital firm, with its unique development mode.

Tian Bo, vice president for Handseeing Information, confirmed the news of possible acquisition with Foxconn, but added that he was not informed of the details.

Chengdu, a gateway to the Southwest of China, is home to a host of online game developers at present, gradually growing into an IT industry cluster of the nation.

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Post time 2010-7-14 09:11:31 |Display all floors

more bad news for the US to come...

the economy of the US can kiss goodbye just like that coz germany has the biggest chinese account in term of business deal...the US must do somethin now & not lettin the american people starve to death ; the american dream is now the american nightmare (and i dont shet where i eat, OK)  

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Post time 2010-7-14 09:13:16 |Display all floors
Originally posted by youknowhat at 2010-7-14 10:11
the economy of the US can kiss goodbye just like that coz germany has the biggest chinese account in term of business deal...the US must do somethin now & not lettin the american people starve  ...


Yep, Germany is just doing fine. A rare success story out of Europe.

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Post time 2010-7-14 13:40:14 |Display all floors

Reply #45 satsu_jin's post

Yes! You are right, I think the same too!

Hand Held console, Desk top console gaming are FICKLE business!
Children, Young Adult toys - easy to postpone purchase!

hmmmm


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Post time 2010-7-19 12:31:04 |Display all floors

Ah! Now the facts flows in by courtesy of the "nice people"

......at China Daily!

It's Rmb50,000 per worker investment to set up a "Foxconn" Assembly Factory!
Heck! How come so similar to what i said, and estimate! ha ha ha

70% of Apple Inc. product range, and Dell, Hewlett Packard products!
So, HANDHELD consoles, Desktop consoles, computers!

Not relocation, but expansion!
Salary increase from Rmb18,000 to Rmb24,000, means Rmb6,000 extra per worker average!
New investment means "no lost of assets" in Longson, Shenzhen!

Additional 200,000 workers in Chengdu, Wuhan and Zhengzhou means extra Rmb 10 billion in new investments! Annual profit of Foxconn in 2009 is said to be Rmb10 billion - so self generated capital needs! SAFE! This will help develop provincial city, and allow "migrant worker" to work closer to home!

hmmmmm

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