Nokia To Expand Mobile Phone Production In Mexico

STOCKHOLM -(Dow Jones)- Finnish telecommunications equipment maker Nokia Corp. (NOK) Wednesday unveiled its plans to extend its mobile phone production in Reynosa in Mexico.

The company said the expansion will provide more capacity and flexibility in meeting Latin and North American customer needs.

The extended production facilities will be located near Nokia's existing facility.

Nokia anticipates the factory will begin production in the fourth quarter of 2005. Nokia currently has nine mobile phones factories globally.

Reynosa is a strategic location for Nokia's Latin and North American mobile phone supply chain.

Nokia said that growing mobile penetration in Latin America is expected to be a major contributor to the global mobile subscriber base.

In addition to the Reynosa factory, Nokia has its mobile device and networks sales teams based in Mexico City.

(END) Dow Jones Newswires"

Posted to the site on 30th March 2005