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Foxconn to decide fate of Indonesia project in Oct: source


By Faith Hung TAIPEI (Reuters) – Foxconn Technology Group will decide in October whether to proceed with a planned $1 billion manufacturing project in Indonesia after a new government takes office, a company source said on Thursday. Foxconn, a major supplier to Apple Inc, wants to expand beyond China, where its massive production base has come under fire from international labor groups after a series of suicides and accidents since 2010. It said in February it would submit a concrete proposal to Indonesia’s government about the project within three months, but the company source said discussions with the Indonesian authorities had run into difficulties after inconclusive parliamentary elections in April. Indonesia is due to hold presidential elections in July and the new government will not take office until October.

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