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Electronics Production | June 26, 2008

Elcoteq’s Russian plant too small for Foxconn

The Elcoteq plant in St. Petersburg, Russia was reportedly too small for Foxconn.
As evertiq reported earlier Elcoteq wants to sell its facility in St. Petersburg, Russia. Flextronics has stepped down from its offer and has paid a non-refundable compensation of €1 million. Earlier Foxconn also show interest in this plant, but according to the latest reports, Foxconn did not bid for the facility in Russia, due to the fact that it was too small for Foxconn.
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