Fri, Jan 13, 2012 - Page 11 News List

Hon Hai holding job fair for new Taichung facility

AUTOMATION PRODUCTION BASE:Greater Taichung City said it would work closely with Hon Hai and the Central Taiwan Science Park to provide training courses

Staff Writer, with CNA

Hon Hai Precision Industry Co (鴻海精密) will hire 600 new employees, mostly engineers, in the initial phase of its new factory in the Central Taiwan Science Park in Greater Taichung, which will feature intelligent robotics and automation equipment manufacturing, science park officials said yesterday.

Hon Hai, the world’s largest contract electronics maker, is scheduled to hold a job recruitment fair in the park today, the officials said.

The company is seeking engineers in mechanical equipment design, computer numerical control (CNC) and metal processing, as well as marketing, product planning and human resource experts.

Hon Hai chairman Terry Gou (郭台銘) is expected to make a personal appearance at the fair to show the importance of the automation production base.

The Greater Taichung City Government said it would work closely with Hon Hai and the Central Taiwan Science Park’s administration office to provide training courses to cultivate precision machinery and automation personnel.

The new automation production base broke ground in October last year.

In the first stage of the investment, Hon Hai is expected to pour about NT$10 billion (US$333 million) into the new factory, which will be run by its unit Foxnum Technology Co (賜福科技), established in 2007 and specializing in the production of CNC machines and other sophisticated machine tools.

Hon Hai expects the new automation base to create about 2,000 jobs and generate about NT$120 billion in production value over the next three to five years.

Hon Hai, which makes iPhones and iPads for Apple, along with high-tech gadgets for other multinational giants such as Sony Corp, Hewlett-Packard Co and Dell Inc, mostly in factories in China, is trying hard to cut its operating costs in the face of rising labor costs in China by employing automation equipment and intelligent robots.

Separately, Minister of Economic Affairs Shih Yen-shiang (施顏祥) yesterday urged banks to lend financial support to Chimei Innolux Corp (奇美電子), one of the nation’s leading flat panel makers. Hon Hai is a major stakeholder in the firm.

Chimei Innolux is seeking a NT$60 billion syndicated loan to take care of its current financial difficulties.

Local media reported earlier in the day that banks have been reluctant to extend loans to unprofitable Chimei Innolux and its syndicated loan plan could fall apart.

Shih said that to his knowledge negotiations between Chimei Innolux and the banks were still under way.

He said although Chimei Innolux was unprofitable for the moment, the company still has strong technology strength to grow in the future.

Market analysts said Chimei Innolux also has massive debts and needs additional funds to repay its borrowing.

According to Horizon Securities (宏遠證券), Chimei Innolux will have to repay about NT$70 billion worth of loans in one year.

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