Elcoteq

Infobox_Company
company_name = Elcoteq SE (OMX|HEX24255|ELQAV)
company_
company_type = European Company
company_slogan =
founder =
foundation = 1984
location = Luxembourg
key_people = Jouni Hartikainen CEO
num_employees = 24 222 (31.12.2007)
industry = Electronics Manufacturing Services
products =
services =
revenue = €4.043 bn (2007)
divisions =
homepage = [http://www.elcoteq.fi/ www.elcoteq.fi] [http://www.elcoteq-blog.com/ www.elcoteq-blog.com]

Elcoteq SE (OMX|HEX24255|ELQAV) 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.cite web|url=http://www.elcoteq.com|title=www.Elcoteq.com|month= | year=2008|work=|accessdate=2008-09-15|format=] cite web|url=http://www.elcoteq.com/NR/rdonlyres/FAA9E4C6-685D-4DC4-A152-397263942BEA/0/Annualreport2007.pdf|title=Annual report|month= | year=2008|work=|accessdate=2008-09-15|format=pdf]

About Elcoteq

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 Personal Communications products such as mobile phones and their parts, Home Communications products such as set-top boxes and flat panel TVs as well as Communications Networks products such as base-stations, tower-top amplifiers, and microwave systems.

In an extraordinary general meeting in 2005 it was decided that the company form would be changed from a public limited company to a European Company (SE, Societas Europaea). From October 1, 2005 the company’s name has been Elcoteq SE.

Elcoteq’s domicile has been the city of Luxembourg in the grand Duchy of Luxembourg as of January 1, 2008. Until December 31, 2007 the company’s domicile was Lohja, [Finland] .

Elcoteq operates in 15 countries on four continents and employs some 24,000 people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros. Elcoteq SE is listed on the OMX Nordic Exchange Helsinki.

Business Areas

Elcoteq has three business areas: Home Communications (cable and satellite set top boxes, flat panel TVs and other home connectivity products for e.g. Thomson, Philips and Funai), Communications Networks(filters, radios, microwave systems, switching products, cabinet assembly and turnkey products for e.g. Nokia Siemens Networks, Ericsson, EADS and Huawei) and Personal Communications (mobile phones and their parts for e.g. Nokia, RIM and SonyEricsson). Personal Communications business area has delivered over 1 billion handset assemblies during the past 20 years.

Elcoteq operates manufacturing facilities in: Tallinn, Estonia; Pécs, Hungary; Arad, Romania; Beijing, Shenzhen and Dongguan, China; Bangalore, India; Monterrey and Juarez, Mexico; Manaus, Brazil.

=History cite web|url=http://www.elcoteq.com/en/About+us/History/Elcoteqs_milestones/frontpage.htm|title=Elcoteq's history|month= | year=2008|work=|accessdate=2008-09-15|format=] =

1984
*Lohja Microelectronics founded to support Lohja Corporation's electroluminescent display development production in the town of Lohja in southern Finland

1990
*Lohja Microelectronics unit was incorporated as Elcoteq Oy Ab

1991
*Management Buy-Out

1992
*Pilot production started in Tallinn, Estonia

1993
*AS Elcoteq Tallinn was established as a legal entity in Estonia
*Printeq-Piirilevyt Oy (Printed Circuit Board production) was established

1994
*Oy Jorvas Partners Ab was acquired near Helsinki, Finland
*ABB Industry's electronics assembly factory was acquired in Helsinki, Finland

1995
*New Gunnarla plant in Lohja, Finland started production
*New Printeq factory started production in Salo, Finland

1996
*Jorvas factory was closed
*Capacity in Tallinn was nearly tripled
*Phone Repair Center started in Tallinn

1997
*First GSM phone box-build project in the EMS industry started with Ericsson in Tallinn, Estonia
*Elcoteq Deutschland GmbH was established
*Expansion of the Tallinn factory
*Pilot production in St. Petersburg, Russia
*Listing on the Helsinki Stock Exchange

1998
*Printeq operation was sold
*New Technology Services Unit was set up
*Elcoteq acquired ABB Transmit PCB operations in Vaasa, Finland
*Elcoteq acquired Kone Corporation's elevator electronics operations in Hyvinkää, Finland
*Purchase office was established in Tokyo, Japan
*New plant was built in Pécs, Hungary
*Building of a new plant started in Monterrey, Mexico
*Elcoteq and Elektrobit sign co-operation deal covering product and technology development

1999
*Mexican plant in Monterrey started operation
*Purchase of Dongguan plant in China
*Elcoteq Denmark was established

2000
*Acquisition of Stephan Elektronik in Überlingen, Germany, including operations in Switzerland and Poland
*Acquistion on NDP's plant in Pécs, Hungary
*Elcoteq Beijing Electronics was established in China
*Building of second Elcoteq plant started in Tallinn, Estonia
*Elcoteq decided to build a new plant in Wroclaw, Poland

2001
*Elcoteq divided its business into three business areas: Terminal Products, Communications Network Equipment and Industrial Electronics
*Acquisition of ABB electronics unit in Switzerland
*Elcoteq decides to merge Helsinki and Lohja plants in Finland
*Elcoteq acquires mechanical engineering unit of Adtranz Schweiz
*Elcoteq decided to build new plant in Beijing, China

2002
*Elcoteq and Aspocomp established technology development company Imbera Electronics Oy
*Elcoteq aqcuired three-fourths of the capacity of the Benefon R&D Center into Elcoteq's wholly-owned subsidiary Elcoteq Design Center Oy
*Refined strategy was announced in August
*Elcoteq acquired IBM's 70% ownership of GKI in China

2003
*Acquisition of NPI services company NPRC, Inc. in USA
*Elcoteq aqcuired Marconi's electronics manufacturing in Offenburg
*Acquisition of 20 percent of ISIS surface mounting
*Elcoteq and Cellon enter into cooperation agreement
*Elcoteq to acquire the manufacturing operations of Tellabs Espoo, Finland

2004
*Divestment of Industrial Electronics business area
*Decision to build a new plant in St. Petersburg, Russia
*Elcoteq decided to open manufacturing operations in India and Brazil
*Elcoteq opened an international office in Zug, Switzerland
*Elcoteq's Board of Directors proposed to a General Meeting of shareholders that Elcoteq be converted into a European Company (Societas Europaea, SE)
*Elcoteq started manufacturing operations in Manaus, Brazil
*Elcoteq acquired a manufacturing facility from Thomson in Juarez, Mexico

2005
*Plant inauguration in Bangalore, India
*Geographical Area Europe’s head office opened in Budapest, Hungary
*Elcoteq celebrated 10th anniversary of the Gunnarla plant in Lohja, Finland
*Elcoteq converted into a European Company (Societas Europaea, SE)
*Plant inauguration in St. Petersburg, Russia

2006
*Elcoteq acquired the operations of Andrew’s manufacturing unit in Arad, Romania
*The Board of Directors resolved to propose to the Annual General Meeting of March 22, 2007 that the company’s domicile be transferred to Luxembourg
*Elcoteq initiated an action plan to improve its competitiveness and profitability

2007
*Elcoteq continued to balance its customer base
*The company fell significantly short of its financial targets
*The company set its sights on expanding its service offering and being the leading provider of integrated electronic manufacturing services
*The Annual General Meeting approved the transfer of domicile to Luxembourg
*Action plans continued and led to the termination of production at the plants in Lohja, Finland and Juárez, Mexico, and the company announced its plans to divest its operations in Germany and St. Petersburg

2008
*Elcoteq was redomiciled to Luxembourg effective January 1, 2008
*Elcoteq adopted a new organization model
*The new business areas are: Personal Communications, Home Communications and Communications Networks
*Elcoteq acquired Philips's flat panel TV final assembly manufacturing operations in Juarez

References

See also

*List of Luxemburg companies

External links

* [http://www.elcoteq.com Official website]
* [http://www.elcoteq-blog.com Official Corporate Blog]