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Taiwanese electronics firm Foxconn, a unit of Hon Hai , has confirmed a plan to build its second liquid crystal displays and computer components factory in the Czech Republic, the CTK news agency reported on Monday.
It said Foxconn would invest $147 million in the plant to be based in Kutna Hora, east of Prague. It will employ 5,000 people.
Hon Hai Precision Industry makes iPods for Apple Computer Inc. and desktop PCs and parts for Dell Inc. , Hewlett-Packard Co. and Sony Corp. .
Foreign direct investments, mainly in the car and electronics sectors, have been the main drivers of Czech economic growth in the past years.
Foxconn officials were not immediately available for comment.
[PRAGUE/Reuters/Finance.cz]