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When starting a new factory, key factors to consider include location, which affects logistics and access to markets; labor availability and costs; regulatory requirements and environmental impact; and the availability of raw materials and suppliers. Additionally, understanding the target market and competition is crucial for strategic planning. Financial considerations, such as startup costs and potential funding sources, also play a significant role in the feasibility of the project. Lastly, technology and production methods should be evaluated to ensure efficiency and scalability.

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3mo ago

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