Hon Hai's Groundbreaking Ceremony For 10.5 Generation LCD Panel Factory In Weizhou, USA

- Jan 21, 2020-

According to The Journal Times, Hon Hai has held a groundbreaking ceremony on Thursday afternoon in the Wisconsin Panel Park in the United States. Local government officials stood in front of the planned site of a vegetable field, marking the Hon Hai Manufacturing Park. Construction will begin soon, and excavation is expected as soon as April 30.

Weizhou government officials participated in the groundbreaking ceremony of the Hon Hai Production Park. Remake of The Journal Times

Hon Hai Weizhou Factory is making rapid progress, and Chairman Guo Taiming announced in the White House last July that it has not been more than a year since he invested in Weizhou.

The ceremony was attended by Racine, Wisconsin, Mount Pleasant, Rasing City officials and Wisconsin-Gilbane Building Company, a construction company.

Adam Jelen, senior vice president of the Wisconsin-Gilbane Building Company, said that 90% of the workers in the initial construction were from Wisconsin.

However, Guo Dongte was not seen to assist Hu Guohui, and he issued a statement saying: "This is an important milestone and we are happy to advance the plan and fulfill our Weizhou priority commitment."

Hon Hai's Wisconsin Panel Plant's investment action has officially started at the end of 2017. The first batch of funds of 60 million US dollars was exported in mid-December last year. The first wave of peripheral projects for the plant construction case also started in January this year.

Guo Taiming recently announced that he will invest US $ 10 billion in the United States in the next four years. The first step is to build the world's most advanced liquid crystal display (LCD) panel factory in Wisconsin. It is expected to create 3,000 new job opportunities for the state and have the opportunity. Looking up to 13,000 people.

Rapid progress

Last October, Mount Pleasant was announced as the future home of Foxconn. Since then, much has been achieved state and local.

"In the past year, we have negotiated and approved a development agreement, financing agreement, many licenses, and participated in seminars with state and local agencies and partners," said David DeGroot, principal of Mount Pleasant. "The amount of coordination and cooperation possible today is unprecedented and deserves congratulations."

"This is a special and historic day," said Mayor Corin Mason, who met Foxconn's Woo and Taiwan's U.S. Strategic Planning Director at Racine City Hall at least an hour on Wednesday. The best economic opportunity to come to this area, "Mason said.

This week, Mount Pleasant completed the transfer of nearly 800 acres of land to Foxconn, an important part of the project's location, and was able to initiate initial field work.

The land transfer also marks a financial milestone as it is able to begin the transfer of $ 75 million in special assessment fees to the village to Foxconn property in accordance with the requirements of the local development agreement. In addition, Foxconn provided USD 60 million in December 2017 for land acquisition in Zones 2 and 3.

First phase of work

Jelen said that the first phase of the tender totaled about $ 100 million in contracts.

He explained that the first phase would include a massive excavation of about 4 million cubic yards of soil to control erosion and rainwater management in order to prepare the site for the next step in infrastructure. He said that amount of soil was equivalent to a 625-yard deep National Football League field.

"Early development site work will cost about 500,000 man-hours, reach 400 people, and create 800 direct and indirect jobs," he said, expecting the project to be extended until August 2019.

Jelen says construction plans will start later this year and next