Foxconn Far Behind Schedule in Investments in New Facilities
Sunday, January 5th, 2020 -- 6:13 AM
(WRN) -A report shows that Foxconn continues to lag behind promised spending and construction across Wisconsin.The Milwaukee Journal Sentinel reports that the tech company is far behind schedule when it comes to investments into its site in Racine County, and also behind development and construction of a number of promised research hubs across the state. Investment into construction for the LCD assembly line in Mount Pleasant is at 370 million of an original estimate of 2 point 1 billion, and a number of new offices and research centers are either vacant or lightly staffed, with no open plans to develop them.
In statements to the Journal Sentinel, Foxconn says it will continue to follow its planned expansions, and that everything is on track to meet its obligations.
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