Foxconn sells Ohio plant, to keep ops there\n\n==============\nDownload our app * * Download our app\nFoxconn sells Ohio plant, to keep ops there\n=========================================\n / JR 17 hours ago 1 min read E P A/R I T C H I E B.T O N G O Hon Hai Precision Industry Co., Ltd., also known as Foxconn Technology Group, announced on Monday that it sold the premises in Lordstown, Ohio, to its business partner in the project, Crescent Dune LLC. According to a regulatory filing, Foxconn said it will continue to use the facility and reinvest the funds earned in this transaction in its operations in the United States. \"This adjustment being made to our fixed assets will enable greater financial flexibility and operational efficiency for the company. Foxconn will be involved in the manufacturing of products for customers at the Lordstown facility,\" it said. In the previous quarter, Foxconn a 15.82% annual rise in its second-trimester earnings.

Foxconn sells Ohio plant, to keep ops there

Foxconn Technology Group sold its Lordstown, Ohio plant to Crescent Dune LLC but will continue operations there, reinvesting proceeds into U.S. operations. The company reported a 15.82% annual rise in second-trimester earnings.