Elcoteq
Finnish company
From Wikipedia, the free encyclopedia
Elcoteq SE was a Finnish[3] consumer electronics contract manufacturer,[4] EMS,[4] and ODM[5] company headquartered in Luxembourg.[2] The company filed for bankruptcy protection in Luxembourg on October 6, 2011.[6]
| Company type | Contract manufacturer |
|---|---|
| Nasdaq Helsinki: ELQAV | |
| Industry | EMS |
| Founded | 1984[1] |
| Defunct | 2011 |
| Headquarters | Luxembourg[2] |
Key people | Jouni Hartikainen CEO |
| Website | www.elcoteq.com |
It was a manufacturer of the BlackBerry and also performed repair and refurbishment services.[7]
History
Founded in 1984 as a microelectronics unit of the Lohja Corporation,[1] the company became independent in an early 1990s management buyout.[8]
Elcoteq made an IPO on the Helsinki Stock Exchange in November 1997.[9]
It manufactured the ill-fated Microsoft Kin for Sharp Corporation in the late 2000s.[10]
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.[11] The loss of a major client, Nokia, to Asian sourcing outfits[12] may have been a contributing cause.[citation needed]
Production base expansion
Its original production base was in Lohja, Finland,[13] and in 1992 it established an Estonian base.[13] By 1999 had expanded production to include non-European bases, too.[14]
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.[8]
Clients
Production bases
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.[19]
