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Electronics Production | November 30, 2009

Nokia not to divest manufacturing plants

Nokia has no plans of divesting its manufacturing facilities. This comes only days after rumours about a possible divestment to EMS-providers started to make the round.

"Our logistics and manufacturing network is a very important competitive advantage for us, and a core part of our business. We have no plans to change our business model," Nokia spokesman Thomas Jonsson was cited in a Reuters article in saying. Anssi Vanjoki, General Manager for Marketing at Nokia, told the German magazine Wirtschaftswoche that we would not rule out a sale of its handset manufacturing business in the long term. This has led to rumours of a possible divestment of the manufacturing plants to EMS-providers, such as Foxconn, Elcoteq or Jabil.
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