UPDATE 1-Hon Hai unit to build inland China plants -source

Newswire

HONG KONG, June 28 (Reuters) - Taiwan's Hon Hai Precision Industry Co will build factories for its LCD panel maker Chi Mei Innolux in the Chinese cities of Chengdu and Wuhan to mitigate rising labour costs in southern China's factory belt. A source with direct knowledge of the company's plans told Reuters on Monday that the company would also expand production at existing plants in Ningbo, Nanjing and Foshan. The moves come amid a string of labour unrest in the coastal industrial hub of ...

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