Foxconn wants to double its capacity

EMS provider Foxconn International Holdings, mainly focussed on manufacturing mobile handsets, is according to published reports planning to spend $1 billion in doubling its production capacity in 2008. Foxconn manufactures mobile phones for a total revenue of $10 billion and from 2008 through 2009 that number is expected to rise to more than $20 billion. Motorola and Nokia accounted for more than 90% of the company's total sales in 2006 and this year Sony Ericsson will account for at least 10% of Foxconn's sales, according to the company.