São Paulo, Brazil, 16 Feb – Taiwan’s Foxconn plans to build its touch-sensitive screen factory in Brazil in the state of Minas Gerais, EBX group owner Eike Batista said on Wednesday in São Paulo, reports Agência O Globo.
Batista did not specify which city would host the factory, but said that the planned investment was US$2.5 billion, adding that besides his EBX group and Foxconn, the National Bank for Economic and Social Development (BNDES) was also interested in the project.
He did not disclose the amount that would be invested by what he called the Brazilian consortium, which will hold a 60 percent stake in the undertaking.
Foxconn’s project in Brazil was announced in 2011 and envisages US$12.5 billion in investments in the country.
The company from Taiwan has been present in Brazil since 2003 and has four factories on Brazilian soil. It produces equipment for Apple and also for multinationals such as Sony, Nokia and Dell.
The touch-sensitive screens produced at the Minas Gerais factory will be for other companies as well as Apple, Batista specified. (macauhub)