msmobiles.com - Cellular News - Nokia further betrays Europe

Nokia further betrays Europe
December 02, 2004;
Many Europeans are buying Nokias because they think that it is a European corporation. Well, not really...

Actually we have reliable information that Nokia is prefering contractors from India (such as Wipro) over taking contractors from Europe. Increasingly Nokia is producing and designing products outside of Europe and many people in Europe who naively think that by buying Nokia are buying European product, are very very wrong... well, headquarters of Nokia are located in Eastern Europe - so it is European in a sense, but business practices of Nokia show that not so much as some people think. Text from Nokia follows.

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Nokia plans to start manufacturing mobile devices in India

Nokia announced it has plans to invest in a new manufacturing facility in India to better meet burgeoning demand for mobile devices in the country. Growing mobile penetration in the Asia-Pacific region is expected to be a major contributor to the global mobile subscriber base surpassing the two billion mark in 2006.

"India's position at the heart of a rapidly growing mobile communications region makes it an attractive option for establishing our new manufacturing facility," said Pekka Ala-Pietilä, president of Nokia, during a visit to India where he met with governmental authorities and the media. "The factory would be an integral part of our global manufacturing network and help fulfill growing demand as mobile communications become increasingly affordable and available to more people in this diverse region."

Nokia anticipates investing an estimated USD 100-150 million along with its key suppliers over four years once the final investment decision is made. Nokia foresees ramping up the factory gradually and the work force reaching approximately 2,000 employees when production is full scale. The final investment evaluation process is ongoing and is expected to be completed during the first quarter of 2005.

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