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Hon Hai Precision Ind. to set up subsidiaries

Friday, 28 Mar 2014 07:19am EDT 

Hon Hai Precision Ind. Co Ltd:To set up eight subsidiaries in Mainland China, with investment of $152 mln in total.Says subsidiary in Linyi will be engaged in precision part business, subsidiary in Guizhou will be engaged in mobile phone, tablet PC and game machine part business, subsidiary in Zhengzhou will manufacture and sell automatic equipment, subsidiary in Jiyuan will produce servo motor.Says four Shenzhen-based subsidiaries will be engaged in industrial robot, cemented carbide for precision numerical control machining, plastic pellet and metal molding businesses.