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Elcoteq to Become First Global Communications Technology EMS in India
June 3, 2004 |Estimated reading time: Less than a minute
Helsinki, Finland — Elcoteq Network Corp. will expand its operations to Bangalore, India during 2004.
In doing so, Elcoteq will become the first EMS company offering manufacturing services to infrastructure and handset OEMs in India. Elcoteq will establish operations in Bangalore, the new technology and IT center in India. Initially, the company will operate in rented manufacturing space. The plant is expected to be operational within six to nine months. When fully operational, the plant is estimated to employ approximately 1,000 people. The start of business operations in India reinforces the importance of the Asia-Pacific area to Elcoteq and its commitment to development of the telecom manufacturing industry in the region. The key drivers underlying Elcoteq's decision to enter India are the large domestic market for mobile communications and its growth prospects coupled with other important factors such as the availability of a highly educated labor force, an attractive customer base and favorable cost levels.
Elcoteq Network Corp. is one of the largest electronics manufacturing services (EMS) companies in the communications technology field. For more information, visit www.elcoteq.com.