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2010-01-14 11:45:08 CET 2010-01-14 11:46:15 CET REGULATED INFORMATION Elcoteq - Company AnnouncementElcoteq Comments the News on the Tallinn Plant EnlargementElcoteq SE Stock Exchange Release January 14, 2010 at 12:45 pm (EET) Elcoteq SE confirms the information on the stock exchange markets regarding the enlargement of its operations in Tallinn, Estonia. The enlargement is related to the manufacturing ramp-up of a new customer and the production consists of high tech and complex products differing from typical mass production. The enlargement will take place gradually during the second quarter of 2010. Production ramp-ups and ramp-downs are characteristic to electronic manufacturing services business (EMS) and they are done continuously in order to adapt to the changing customer needs and manufacturing volumes. Elcoteq and Ericsson completed a transaction on July 31, 2009 whereby the majority of the machinery, equipment and materials of Elcoteq's Tallinn manufacturing operations were sold to Ericsson. Currently Elcoteq Tallinn plant employs approximately 160 persons. ELCOTEQ SE Satu Jaatinen Communications Manager Further information: Mikko Puolakka, CFO, tel. +358 10 413 1287 About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after-market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after market services for the whole lifecycle of its customers' products. These products include Consumer Electronics products such as mobile and wireless phones, their parts and accessories, set-top boxes, flat panel TVs and other consumer products as well as System Solutions products such as wireless and wireline infrastructure systems and modules, enterprise network products and other industrial segment products. The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it employs approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. [HUG#1373515] |
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