Hon Hai Technology Group (Foxconn) Inaugurates Residential Housing Complex In Industrial Park In India
Sustainability, operational efficiency, first of its kind
17 August 2024, Taipei, Taiwan, and Chennai, India – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) and the state government of Tamil Nadu in India today inaugurated a new residential complex in Vallam Vadagal Industrial Park, providing a sustainable living community for thousands of employees of the world’s largest manufacturing service provider.
The complex, built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), is a first of its kind, reflecting active efforts by the local government to attract foreign investment, while meeting investor needs for sustainability and operational efficiency.
The Vallam Vadagal residential complex represents Foxconn’s commitment to the health and safety of employees and enables a greater workforce diversity. The women-only residential complex offers peace of mind for employees living away from home and a shorter work commute.
“Here, will be home to thousands of women, who will find a job with Foxconn. They will come from many regions in India, from all walks of life, at different stages in their lives,” said Foxconn Chairman Young Liu during the inauguration ceremony held at Vallam Vadagal Industrial Park. “This residential complex is now an important part of Foxconn in Tamil Nadu. It joins our commitment to sustainability in India.”
Foxconn’s largest footprint in India is in Tamil Nadu. The new complex reflects the Indian state’s robust economic strategy to be a benchmark for India’s technology industry. The multi-building residential complex, which is 20 minutes from Foxconn’s mega manufacturing site via company shuttle, includes laundromat, gym, recreational areas, cafeteria and dining hall. It is the first industrial housing complex built by SIPCOT within an industrial park. The housing complex will increase Foxconn’s operational efficiency and be managed in line with the Group’s international standards and best practice.
Sustainability highlights for Foxconn’s overall India operations:
Validated for Zero Waste To Landfill at Platinum-level UL2799
Constructing zero liquid discharge (ZLD) sewage treatment plant
Designed series of energy-saving equipment, saving at least 40% power consumption compared with a traditional plant
Constructed rain harvesting system able to store more than 2,000 KL of rainwater
Third-party audits completed end-2023 under ERSA 3.0 electronics industry standard: No major risks found [link]
About Foxconn
Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2023, revenue totaled TWD6.162 trillion (approx. USD198 billion or EUR183 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practice model for global enterprises.To learn more, visit www.honhai.com
2024/08/17