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Electronics Production | May 14, 2007

Foxconn invest $1 bn in hi-tech park

Foxconn has invested $1 billion in constructing an industrial park in Shenyang, China.
The industrials park is estimated to be finish in five year, with an annual production at $4.3 billion. The area of the industrial park is 1 square kilometer. In China Foxconn has approximately 20 business development projects underway, ChinaDaily reports.

Chairman of Foxconn Terry Guo, told China Daily that the company would cooperate with local enterprises and institutional organs in research and development on nano copper and magnesium alloy spare parts of vehicles in IT and electronic industries.

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