Foxconn to start Indonesia operations in 2014

Foxconn smartphonesTaiwan’s Foxconn Technology Group wants to jump-start a new manufacturing operation in Indonesia in 2014, an investment pledge that has been delayed several times.Since 2012, the company has been in exploratory talks with Indonesian officials about setting up operations in the country. On October 8, Foxconn said the talks were ongoing, but expects to finalise its discussions with local partners and government officials in 2014.The manufacturing supplier is often associated with Apple, but also assembles products for Sony, Amazon and other electronics vendors. Some of Foxconn’s largest factories are in mainland China, where the company employs over 1 million workers.

Previously, Foxconn has said it wants to invest in Indonesia in order to tap the country’s demand for consumer electronics, including televisions, tablets, and mobile phones.

Currently, only about 23 per cent of Indonesian mobile phone subscribers use a smartphone, according to a Nielsen report. That’s in contrast to 60 per cent in the US and 71 per cent in China.

To effectively market its products, Foxconn has been working to secure a local partner in the country, and develop a brand. The company, however, also wants local regulators to set up regulations for electronics manufacturing in the country, before embarking on an investment. A key concern is the lack of safety standards, which can allow other vendors to sell shoddy products.



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Taiwan's Foxconn Technology Group wants to jump-start a new manufacturing operation in Indonesia in 2014, an investment pledge that has been delayed several times.Since 2012, the company has been in exploratory talks with Indonesian officials about setting up operations in the country. On October 8, Foxconn said the talks were ongoing, but expects to finalise its discussions with local partners and government officials in 2014.The manufacturing supplier is often associated with Apple, but also assembles products for Sony, Amazon and other electronics vendors. Some of Foxconn's largest factories are in mainland China, where the company employs over 1 million workers....

Foxconn smartphonesTaiwan’s Foxconn Technology Group wants to jump-start a new manufacturing operation in Indonesia in 2014, an investment pledge that has been delayed several times.Since 2012, the company has been in exploratory talks with Indonesian officials about setting up operations in the country. On October 8, Foxconn said the talks were ongoing, but expects to finalise its discussions with local partners and government officials in 2014.The manufacturing supplier is often associated with Apple, but also assembles products for Sony, Amazon and other electronics vendors. Some of Foxconn’s largest factories are in mainland China, where the company employs over 1 million workers.

Previously, Foxconn has said it wants to invest in Indonesia in order to tap the country’s demand for consumer electronics, including televisions, tablets, and mobile phones.

Currently, only about 23 per cent of Indonesian mobile phone subscribers use a smartphone, according to a Nielsen report. That’s in contrast to 60 per cent in the US and 71 per cent in China.

To effectively market its products, Foxconn has been working to secure a local partner in the country, and develop a brand. The company, however, also wants local regulators to set up regulations for electronics manufacturing in the country, before embarking on an investment. A key concern is the lack of safety standards, which can allow other vendors to sell shoddy products.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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