Nokia contemplating on the possibility of producing phones in Argentina

Nokia may still sit on their golden throne knowing they are still controlling a decent chunk of the world's cell phone market share, but they are looking to make their presence stand out more in an area where they've been known to struggle. The world's largest phone manufacturer is contemplating on the possibility of opening up a plant to produce handsets in Argentina. As a whole region, Nokia doesn't have that dominating presence in Latin America – sales sank 34 percent to 3.1 billion euros ($4.2 billion) when compared to what they accomplished in 2008; marking it the worst drop in any of its regions. Tapani Kaskinen, a Nokia spokesman, said that “Nokia is investigating the possibility to arrange mobile device assembly in Argentina.” Regrettably there's no time line for a decision and if the project would involve Nokia directly or through a contractor. Globally, Nokia has 9 plants with sites in Brazil and Mexico – they've made a push to expand production in lower-cost countries in recent years. Not only were there job cuts in its Salo, Finland plant, but a plant in Bochum, Germany moved its production into Romania instead.

source: Reuters