Taiwan's Hon Hai Precision plans to invest over CNY500 million in mainland China for its warehouse logistics and circuit board processing businesses.
The company plans an additional investment in Chengdu Jusda Supply Chain Management Company Limited and the investment amount will be CNY337 million.
Headquartered in Shenzhen, Jusda Supply Chain Management Company is the logistics hub of Hon Hai and Foxconn Technology Group. With many branches in China and abroad, the company is responsible for Hon Hai's business flow, logistics, capital flow, information flow, trade flow, and customs flow.
At the same time, Hon Hai also announced that they plan to invest about USD30 million, which is about CNY190 million, in Fu Hua Ke Precision Industry (Guizhou). Fu Hua Ke Precision Industry is mainly engaged in the circuit board processing business.