Foxconn relocation from Finland to Hungary

Foxconn International Holdings (FIH), a subsidiary of Foxconn Electronics engaged in the manufacture of mobile phones, will relocate half of its current employees in Finland to Hungary.

The company is planning several plant mergers to reduce costs and achieve more efficient utilization, but they say the operation of the Finnish plant will certainly not be jeopardized for the time being. Foxconn's Hungarian plant will soon become one of the company's main European bases, where both high-end and entry-level solutions will be developed.

Foxconn, incorporated on May 2003, 30 Hungary Kft. started serial production in Komárom at the beginning of March 1. As a result of the 2004 million dollar investment, precision plastic injection molding and painting, tooling, metal cutting and assembly, assembly and inspection of printed circuit boards are realized. With the increase in demand and the introduction of new technologies, further investments were promised when, just a month and a half ago, the company was declared the third most important investor in Hungary under the title "Company creating the most new jobs of the year". The company has employed 50 people so far, and this number continues to grow.