iPad maker goes Brazilian
Cost-trimming for Taiwanese giant
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iPad and iPhone maker Foxconn is considering a big investment in Brazil.
Foxconn is a huge group with annual turnover of $62bn and about a million employees, many in mainland China; it claims to be China's biggest exporter. It runs the huge Shenzhen campus, which has been the scene of worker protests and suicides. It makes parts for Apple, and just about every other technology company.
The hint of a move came from Brazilian president Dilma Rousseff, currently visiting China. She told AFP that Foxconn was considering a $12bn spending spree in Brazil – enough for a substantial manufacturing facility, or two. The move is possible within the next five to six years and the government was forming a working group to look at issues raised, she said.
Chinese companies are struggling with wage inflation and demands for improved working conditions from workers on the mainland.
Increasingly companies are choosing inland sites where wages are lower and jobs scarcer.
As the economy continues to grow in China so companies will continue to look overseas in order to cut costs; Chinese investment in Africa shows no sign of slowing.
Last year, Foxconn hit back at claims of unusually high suicide rates at its factories. ®
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COMMENTS
can we grow up?
Why is FoxConn automatically associated with Apple? Apple is not even its biggwest client, and nearly every one of the major retail tech firms has products being made there. Of the suicides and other issues there, few if any have even happened to folks assigned to Apple lines or in Apple used areas. Apple has some of the tightest controls and standards in place for FoxConn of anyone they make stuff for, and they're one of only a handful of companies that do routine on-site inspections of those standards including record reviews, and go further to have "surprise" inspections routinely.
FoxConn has more employees at their China facility than the capitol city of my state has total residents. Less than 10% of those people work on Apple gear. Stop associating the two, please.
So is a Brazilian iPad
just like a regular iPad except for a small, erm, touchpad near the, erm, bottom
Building in Lat Am
There are good reasons to manufacture in Lat am from a tax perspective. There are substantial import taxes into Brazil. There are also good government grants for setting up manufacturing there. Couple this with a great growing economy thanks to stability of the banks and it's a good market.
Simon
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