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Sunday, October 16, 2011

Nokia ups investment in India facility

By: EE Times-Asia
Source: http://www.eetasia.com

Nokia has added approximately $75 million investment in its manufacturing plant in Chennai, India for 2008 to improve the capacity of the facility and cater to the need of the Indian and other emerging markets.

The handset maker started manufacturing in Chennai in January 2006 and has achieved the distinction of the fastest ramp up by any Nokia factory worldwide. The plant, which employs approximately 6,000 workers, plays an integral role in Nokia's global production network of mobile devices.

"The decision to make additional investment in the plant is a reflection of Nokia's commitment to the Indian mobile communications industry and of the increasing demand for mobile devices from Asia, Middle East and Africa. Nokia will continuously strengthen its manufacturing network to drive greater agility within the business and increase its competitiveness", said Raimo Puntala, senior VP, operations and logistics, Nokia.

Currently, approximately 50 percent of the production from the Chennai plant is consumed domestically and the rest is exported to countries across Middle East and Africa, Asia, Australia and New Zealand.

Source: http://www.eetasia.com/ART_8800492636_499488_NT_0f8e0a5c.HTM

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