Nokia to Set Up Mobile Device Factory in Romania Mar 27, 2007

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Nokia announced that it will set up a manufacturing facility for mobile devices in the county of Cluj in Romania. Nokia anticipates investing an estimated 60 million euros (approx. U.S. $79 million) in the Cluj plant, which will be the company's 11th mobile device production facility globally.

The decision to establish a new factory in Romania is a reflection of Nokia's volume growth globally, as well as the increasing demand for mobile devices in Europe, the Middle East and Africa. Nokia selected Cluj as the location for the plant because of the county's availability of skilled labor, its good inbound and outbound logistics connections, its overall efficiency, and the long industrial tradition in the area.

Nokia's new facility in Cluj is located about 400 kilometers north-west of Bucharest. The construction work at Cluj will start in spring 2007 and production is expected to begin in the first half of 2008. Nokia foresees ramping up the factory gradually and will recruit approximately 500 employees there by the end of 2007. As part of the plans, Nokia is looking to establish an industrial village in the area, enabling a number of key suppliers and partners to locate their operations there.

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