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Elcoteq Continues Expansion Into Brazil
September 10, 2004 |Estimated reading time: Less than a minute
Manaus, Brazil — Elcoteq Network Corp. will initiate manufacturing operations here during autumn 2004.
From this facility, Elcoteq's initial focus will be manufacturing and supply chain services for communications technology customers, with particular emphasis on the terminal products business. Elcoteq has established in Brazil a new wholly owned subsidiary, Elcoteq da Amazònia Ltda. Production is expected to commence during the fourth quarter this year. Elcoteq will initially operate in a rented space of 1,500 sq m. Elcoteq's Monterrey, Mexico manufacturing site will serve as the "sister site" to support the initial rampup of products.Elcoteq believes that a manufacturing presence in the emerging Latin American market is essential for supporting its present and potential customer base, particularly in the rapid growth areas of mobile phone and consumer electronics products. The focus on Brazil, the largest Latin American market, is motivated also by local requirements for being competitive in the region and close to the rapidly growing handset market. Earlier this year, Elcoteq announced its expansion plans for both Russia and India.
Elcoteq Network Corp. is a leading electronics manufacturing services (EMS) company, with original design manufacturing (ODM) capabilities in the communications technology field. For more information, visit www.elcoteq.com.