Nokia inaugurates its new Romanian-based factory producing Nokia 1200
Publish date: 12-02-2008Nokia, the world's leading mobile phone manufacturer, cut ribbon for the first mobile phone assembly line at its new plant in the town of Jucu, Western Romania, in the presence of Nokia's senior vice president, Juha Putkiranta, Nokia Romania's director John Guerry and local authorities.
The new plant, inside the Tetarom III industrial park, will employ 1,000 people by the end of the year. The company employed so far 350 people and there will be 3,500 of them by the end of 2009.
Putkiranta said new people join the team every week and expressed his hope the investment at Jucu turns out to be a long term one. The plant will become an important part of the company's global network of production centers, the senior vice president added.
The first mobile phone produced at Jucu is Nokia 1200. Putkiranta said the plant in Romania is more profitable than the one in Germany. The company recently announced plans to close down the plant in Germany and transfer production to Romania, stirring waves of protest from unions and local authorities after several thousands were left unemployed.
Nokia produces most of its mobile phones in countries with cheaper markets such as Romania, Hungary, China or India. It also has a plant in Finland.
NewsIn
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei