Elcoteq to take over Thomson's Juarez plant.Juarez, Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. -- EMS firm Elcoteq Elcoteq SE is a global electronics manufacturing services (EMS) and original design manufacturing (ODM) company, which does manufacturing for Nokia, Ericsson, Thomson, RIM and other brand name companies (OEM's). Network Corp. (elcoteq.com) will buy consumer electronics giant Thomson's Juarez operations and take over its manufacturing in a deal worth over $1 billion. Elcoteq is paying $33 million for the plant, which makes set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. . Elcoteq also signed a deal to build set-top box products for Thomson in Juarez. Thomson reportedly owns a 30% share of the global set-top box market. Elcoteq expects the deal to boost the company's sales by approximately $300 million during 2005 and by $800 million to $1 billion during 2005 to 2007. The acquisition of the Juarez plant will double Elcoteq's manufacturing capacity in Mexico. The 2,000 current Juarez personnel will be retained. In a statement, Finland-based Elcoteq said the acquisition is part of a larger plan to balance its global footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. . The company earlier announced an expansion into Brazil. Edited by Mike Buetow |
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