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Hon Hai to focus on better performances throughout year

2012/04/28 20:37:31

Taipei, April 28 (CNA) Terry Gou, chairman of Hon Hai Precision Industry Co. -- the world's largest contract electronics maker, predicted Saturday that his company will produce better performances throughout the year.

Citing Chinese government statistics, Gou said that his company's trading volume amounted to nearly 6.7 percent of China's total exports and imports during this year's first three months, up from 5.8 percent for the same period a year ago.

With Hon Hai scheduled to release its official first quarter report later in the day, Gou did not offer further details about the performance of the company, which churns out iPhones and iPads for Apple Inc. from a number of factories in China.

Speaking at a party at the company's headquarters in New Taipei, Gou also expressed gratitude toward his employees, praising them for being hardworking and the solid foundation on which the company can reach a higher goal.

"People call us a sweatshop, but what's wrong with being a sweatshop?" the chairman asked employees at the event which was held to encourage high-performing workers from China.

Foxconn Technology Group, which Hon Hai operates in China, treated 216 outstanding Chinese workers to a seven-day tour of Taiwan. The party was the last event before they returned to China.

"As long as we abide by the law, as long as we work hard, we can harvest a lot," the tycoon said.

Acknowledging the media would focus on his comments, Gou drew laughter from the crowd by saying that he did not mind how the media played with his words.

"Only by having a common aim and working hard, even sweating, can we achieve a prosperous economy," Gou added.

Media reports in recent years have said the technology company's Chinese factories paid low wages to workers hired to assemble Apple's iPad and iPhone products, and that working conditions may have led to the suicides of several factory workers.

Foxconn has denied media accusations that it exploits its workers.

(By James Lee)