Elcoteq Explained
| Insurance |
| Type: | Contract manufacturer |
| Foundation: | 1984 |
| Defunct: | 2011 |
| Location: | Luxembourg |
| Key People: | Jouni Hartikainen CEO |
| Industry: | EMS |
| Homepage: | www.elcoteq.com |
Elcoteq SE was a Finnish[1] consumer electronics contract manufacturer, EMS,[2] and ODM company headquartered in Luxembourg.[3] The company filed for bankruptcy protection in Luxembourg on October 6, 2011.[4]
It was a manufacturer of the BlackBerry and also performed repair and refurbishment services.[5]
History
Founded in 1984 as a microelectronics unit of the Lohja Corporation,[6] the company became independent in an early 1990s management buyout.
Elcoteq made an IPO on the Helsinki Stock Exchange in November 1997.[7]
It manufactured the ill-fated Microsoft Kin for Sharp Corporation in the late 2000s.
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.[8] The loss of a major client, Nokia, to Asian sourcing outfits[9] may have been a contributing cause.
Production base expansion
Its original production base was in Lohja, Finland, and in 1992 it established an Estonian base.[10] By 1999 had expanded production to include non-European bases, too.[11]
Name
Representing electronics, contract manufacturing, and technology, Elcoteq was the company's second choice after Finnish regulators would not allow it to register the name Mikrotec.[12]
Clients
The first Elcoteq customers were Ericsson and Nokia.[6] Other clients have included:
Production bases
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.[19]
External links
Notes and References
- https://www.reuters.com/article/elcoteq-idUSL2341650320080423 UPDATE 2-Elcoteq expects turn-around soon, shares up
- http://www.elcoteq.com/en/About+us/frontpage.htm About Us
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#2007%20Decision%20on History: Decision on the New Domicile
- http://www.elcoteq.com/elcoteq-network-sa-files-bankruptcy-parent-continue-controlled-management-process Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process
- http://www.elcoteq.com/ams-business-segment AMS Business Segment: After Market Services
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#1984 History: The Early Years; 1984–1990
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#1997 History: Investors Convinced – the Company Goes Public in 1997
- http://www.elcoteq.com/elcoteq-se-files-bankruptcy#2011 History: Elcoteq SE files for bankruptcy
- News: Nokia's woes cast doubt over Finnish model . reuters.com . May 18, 2012 . Thomson Reuters . October 1, 2012 . Ando, Ritsuko.
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#1992 History: Rapid Entrepreneurial Development; 1992–1997
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#1998 History: International Expansion; 1998–2000
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#1990 History: Going It Alone; 1990–1991
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#year2008 History: Service Offering Expands
- http://www.elcoteq.com/en/About+us/Elcoteq_market/frontpage.htm Market Information
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#2004 History: 2004; Further Focusing and Expansion of Operations
- https://www.reuters.com/article/elcoteq-idUSLDE6601O020100701 UPDATE 1-Elcoteq says Kin rollback does not change guidance
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#New%20customers History: New Customers
- http://www.elcoteq.com/en/About+us/History/frontpage.htm#2007 History: More Challenges in 2007
- http://www.elcoteq.com/en/About+us/Geographical_areas/frontpage.htm Global Service Network
