Foxconn opts for computer production in St. Petersburg

Taiwanese electronics leader, Foxconn, has, on Wednesday, launched a pilot assembly line in St. Petersburg to produce personal computers with Hewlett-Packard.

The new $50 million plant is a boost for the domestic IT sector, with Foxconn Russia CEO Andrey Korzhakov saying the plant capacity is around 200 computers per hour

This production plant will become the basis for a new IT cluster in St. Petersburg. Foxconn has rented 10,000 square metres in the Shushary industrial zone from St Petersburg-based Megalojix enterprise. Sergei Fiveisky, First Deputy Chairman of the Kerppit, who is in charge of the project for the city government, emphasizes that the launch of the new production, despite a substantial decline in the sale of electronics in Russia, reaffirms long-term plans of foreign investors and their interest in doing business in St. Petersburg. He says a successful development would make it possible to launch new electronics production projects.

Jim Chang, executive vice president of Foxconn’s parent company, Ho Hai Precision Group, said that the project would overcome obstacles, and defended producing in Russia rather than importing from China.