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Articles tagged with: Elcoteq
Elcoteq Cuts 700 Jobs in Hungary
Finland based electronics group, elcoteq has confirmed earlier reports in local media and will be cutting some 700 jobs in its Hungarian factory. Zoltan Krippl, communications director of the local elcoteq unit, said a decline in orders had forced the measure which will probably affect 390 of the company's own staff and 310 contract workers. more
Related Tags: Hungary
Ericsson Buys Estonian Factory
Ericsson has signed an agreement with elcoteq, a supplier to Ericsson, for part of its manufacturing operations in Estonia. The purchase price is EUR 30 million, relating to inventory and some minor assets. The agreement also includes transfer of about 1,200 employees. The revenue generated for elcoteq by the transferred business is less than EUR 200 million annually. more
Related Tags: ericsson, Estonia
Russia Falls off the Electronics Contract Manufacturing Map
Once viewed as a promising emerging market with massive growth potential for the global electronics contract manufacturing business, Russia now is facing a cessation of new investment, along with shutdowns in existing facilities and delays in new ones, according to iSuppli Corp. more
Related Tags: foxconn, semiconductor, isuppli, ict, ovi, iden, personal, hewlett-packard, lcd, flextronics, counterfeit, Russia
"Foxconn Effect" Fades as Top EMS Providers' Revenue Shrinks in 2008
After years of single-handedly powering the robust growth of the global Electronics Manufacturing Services (EMS) business, Foxconn, aka Hon Hai Precision Industry achieved only a marginal revenue increase in 2008, causing the top-tier EMS market to contract, according to preliminary market-share results from iSuppli. more
Related Tags: foxconn, nokia, sun-microsystems, rsa, isuppli, driving, lte, lenovo, emc, research-in-motion, sun
BIS Shrapnel has forecasted that the number of cellular handsets sold in India to hit 38.5 million units (including replacement and grey handsets) in 2006, recording an impressive growth of 26% over this year's sale. more
Finland's Elcoteq opens telecom equip plant in Russia
MOSCOW, Oct 7 (Prime-Tass) -- Russia's ZAO elcoteq, a subsidiary of Finland's electronics manufacturing company elcoteq Network Corporation, opened a telecommunications equipment plant in St. Petersburg on Friday, elcoteq more
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Finland's Elcoteq To Invest Up To $100 Million In Indian Plant
BANGALORE, India -(Dow Jones)- Finland's electronic equipment maker elcoteq Network OYJ (ELQAV.HE) Monday said it will invest between $50 to $100 million in its manufacturing unit in India. more
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Elcoteq and Nokia Networks to expand cooperation on repair center operations
elcoteq and Nokia Networks have said that they will further expand their existing cooperation to cover repair center operations. elcoteq will be responsible for the maintenance and repair of Nokia Networks' communications network equipment including microwave radio links, modules for base station controllers and mobile switches, as well as broadband modems. Nokia is transferring 23 staff from its Hardware Repair Centre in Espoo to elcoteq on November 16, 2001. more
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