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Nokia Display Products opens factory in Reynosa, Mexico
February 24, 1999
- Improves time to market for Americas customers -
With the participation of Mr. Martti Ahtisaari, president of Finland, and Tomas Yarrington, governor of the State of Tamaulipas, Mexico, Nokia Display Products, a leading manufacturer of computer displays, today will dedicate its newest factory in the Parque Industrial del Norte in Reynosa, Mexico. The two government officials will salute Nokia's growing manufacturing role in Mexico, which began two years ago.
The display manufacturing facility is an outgrowth of Nokia's successful manufacturing experience in Reynosa, according to Olli Kallasvuo, Nokia chief financial officer and group executive vice president, Nokia Americas. "Almost exactly two years ago Nokia began making mobile phone accessories in Reynosa," Kallasvuo said. "Because of the high quality of work done here, this was a logical place to expand our computer displays manufacturing," Kallasvuo said.
The displays facility, which began production in late 1998, currently employes 150 people producing 17-inch monitors for the United States and Latin American markets. These employees, combined with mobile phones manufacturing employees, bring Nokia's Reynosa workforce to more than 800. Nokia expects that number to climb by the end of 1999, when the new facility will have the capacity to produce more than one million displays a year, including Nokia's full line of 17-, 19- and 21-inch cathode ray tube displays as well as its flat panel displays.
Jim Cookson, president of Nokia Display Products, Inc., said the Reynosa factory enables Nokia to dramatically reduce time-to-market for its customers in the Americas. "This puts our manufacturing facilities close to our major customers - companies that require high-quality, large-screen displays and the computer manufacturers in the region," Cookson said.
Nokia Display Products are marketed in Europe and the Americas under the Nokia brand. The company also is an original equipment manufacturer for some of the world's leading computer makers. Nokia also produces displays at factories in Salo, Finland and Pécs, Hungary.
Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1998, net sales totaled FIM 79.2 billion (USD 15.7 billion, EUR 13.3 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in over 130 countries and employs more than 44,000 people worldwide.
Contact information:
Blanca Juti
Nokia Communications
Paseo de los Tamarindos 400 A, piso 16
05120 Mexico D.F., Mexico
+52 5 2 61 72 49 and +52 5 415 77 77
Jim Bowman
Nokia Communications
Irving, Texas
+1 972 894 4573 - phone
+1 972 894 4706 - fax
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