Nokia not to divest manufacturing plants

Nokia has no plans of divesting its manufacturing facilities. This comes only days after rumours about a possible divestment to EMS-providers started to make the round.

November 30 2009, 9:24 AM

Email this story

Print this story

Related stories

OEM"Our logistics and manufacturing network is a very important competitive advantage for us, and a core part of our business. We have no plans to change our business model," Nokia spokesman Thomas Jonsson was cited in a Reuters article in saying.

Anssi Vanjoki, General Manager for Marketing at Nokia, told the German magazine Wirtschaftswoche that we would not rule out a sale of its handset manufacturing business in the long term. This has led to rumours of a possible divestment of the manufacturing plants to EMS-providers, such as Foxconn, Elcoteq or Jabil.

Anke Schröter
Anke Schröter

Stadium Group with revenues up 37% for 1H/2010

EMSRevenue for the EMS-provider Stadium Group increased by more than one third compared with the same period last year, operating margin improved, and profit before taxation more than doubled to GBP 1.45 million.

Ralf Klaassen / Ricky German

New managers will join Enics

EMSIn order to enhance the offering in the Medical Market as well as become more known in the German Market, EMS-provider Enics has hired additional staff to ensure the growth in these market areas.

EMS-provider mourns loss of Managing Director for Asia

EMSKen Leung, Managing Director of Stadium Asia, was killed in the tourist bus hijacking incident in Manila (Philippines) at the end of August.

Siplace benefits from boom in electronic production

SMT & InspectionAccording to Munich-based SMT equipment maker Siplace, deliveries by all placement machine manufacturers increased by almost 60% for the 2Q/2010 compared to the previous quarter, making it the strongest quarter since the record-setting year 2000.

New business wins at JJS Electronics

EMSSpanning diverse technology requirements in Fire Security, Optical Inspection and Railway sectors, the new contracts have added £2m to the company’s annual turnover.

Dräxlmaier to lay off in Hungary

Cable HarnessesGerman automotive supplier Dräxlmaier is to lay off at their manufacturing location in Mór (Hungary).

Aros Quality buys TVAB

Cable HarnessesAros Quality Group AB (AQ) has entered into an agreement with the owners of TVAB International AB (TVAB) to purchase all shares in the company. The acquisition comes into effect 6 September 2010.

Foxconn likely to speed up inland move in China

EMSFoxconn is likely to speed up moving production to inner China locations.

Bree completes ISO audit

PCBBree, part of French Cire Group, has successfully completed the ISO TS 16949 audit.

Éolane and NCF join forces

EMSFrench EMS-provider Éolane and NCF have joint forces.

HP adds 700 jobs in Scotland

OEMElectronics giant Hewlett-Packard is to add 700 jobs at their facility in Erskine near Glasgow (Scotland). The same number of jobs was lost last year at the facility as work was transferred to the Czech Republic.

Intersil and Avnet Memec sign distribution agreement

EmbeddedAvnet Memec has signed a new pan-European distribution agreement with Intersil. The new agreement will take effect from Wednesday, 1st September 2010.

Special effects on Machete get a little help from AMD

GeneralAMD collaborated with Troublemaker Studios to produce the visual effects for the action epic Machete.

Flextronics ups basic salary in China

EMSEMS-giant Flextronics has increased basic wages for its employees in southern China.

1 2 3 4

© Evertiq New Media AB 2010 All editorial content and graphics on our sites are protected by international treaties and U.S. copyright and other applicable copyright laws and must not be copied without the express permission of Evertiq New Media AB, which reserves all rights.
Editorial office: +46 8 640 77 50 | Office address: Hemvärnsgatan 15, Solna | Mailing address: PO Box 63, S-178 21 Ekerö, Sweden

Most Popular

Most Discussed

Event Calendar

Nokia not to divest manufacturing plants

Stadium Group with revenues up 37% for 1H/2010

Kitron secures new orders

Ferrari: Too hot to handle

Titoma with new Country Manager France

Axis management cycle for charity

Cire Group in receivership

TT electronics appoints UK Sales Director

Polish Eifelwerk subsidiary rents further production halls