Foxconn to invest $50 million in St. Petersburg electronics manufacturing facility

Foxconn, the world’s largest provider of electronics manufacturing services (EMS), based in Taiwan, is planning to invest at least US$50 million in the construction of a plant near St. Petersburg (Russia) the local administration said Monday.

Foxconn will initially partner with Hewlett-Packard to manufacture several HP product lines, including personal computers, LCD-monitors, and network gear to be sold in Russia and worldwide. The Taiwanese company earlier said the construction site would total 60,000 square meters and would be located in the suburbs of Russia’s second-largest city, which has a mature transportation network.

Foxconn reported sales revenues of about $40 billion in 2006 and plans to increase sales to $55 billion in 2007.


Private message OEM peers. Access all content.

For electronic OEM professionals working in OEM companies. Connect with OEM peers and access exclusive content.

Add your comment


Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

TIP: Anyone can post article comments whether or not you are registered. But, if you register or log in you can attribute your posts to your user profile in GlobalNet Community.

Your email address will not be published. Required fields are marked *



Provider spotlight

About is the leading online destination helping electronics OEM decision makers make more informed decisions and reduce risk. We offer educational Webinars, thousands of original articles and helpful tools, a community of influencers who understand the challenges facing your company today, and a comprehensive directory of electronics provider services.

Copyright Venture Outsource, LLC. All Rights Reserved
The material on this site is for informational purposes only and is not a substitute for legal, financial or professional advice. Distribution and use of this material are governed by our User Terms Agreement and by copyright law. By using our Website you agree to site Terms and Privacy policies. For questions please contact at 1-888-860-1193 or visit