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Welcome! |
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 Nokia
Corporation (OMX: NOK1V, NYSE: NOK, FWB: NOA3) is a Finnish multinational
communications corporation, focused on wired and wireless telecommunications,
with 112,262 employees in 120 countries, sales in more than 150 countries and
global annual revenue of 51.058 billion euros as of 2007. It is the world's
largest manufacturer of mobile telephones: its global device market share was
about 40% in Q4 of 2007. Nokia produces mobile phones for every major market
segment and protocol, including GSM, CDMA, and W-CDMA (UMTS). Nokia's subsidiary
Nokia Siemens Networks produces telecommunications network equipments, solutions
and services.
Nokia's corporate headquarters are located in Espoo, a city neighbouring
Finland's capital Helsinki. It has sites for research and development,
manufacturing and sales in many continents throughout the world. Nokia employed
21,453 people in R&D in 2006. Nokia Research Center, founded in 1986, is Nokia's
industrial research unit of about 800 researchers, engineers and scientists. It
has sites in seven countries: Finland, Denmark, Germany, China, Japan, United
Kingdom and United States. Production facilities are located at Espoo, Oulu and
Salo, Finland; Manaus, Brazil; Beijing, Dongguan and Suzhou, China; Fleet,
England; Bochum (closing planned for mid-2008), Germany; Komárom, Hungary;
Chennai, India; Reynosa, Mexico; Cluj-Napoca, Romania and Masan, South Korea.
Nokia's Design Department remains in Salo, Finland.
Nokia plays a very large role in the economy of Finland: it is by far the
largest Finnish company, accounting for about a third of the market
capitalization of the Helsinki Stock Exchange (OMX Helsinki) as of 2007; a
unique situation for an industrialized country. It is an important employer in
Finland and several small companies have grown into large ones as Nokia's
subcontractors. Nokia increased Finland's GDP by more than 1.5% in 1999 alone.
In 2004 Nokia's share of the Finland's GDP was 3.5% and accounted for almost a
quarter of Finland's exports in 2003. In 2006, Nokia generated revenue that for
the first time exceeded the state budget of Finland.
Finns have ranked Nokia many times as the best Finnish brand and employer. Nokia
is listed as the 5th most valuable global brand in BusinessWeek's Best Global
Brands list of 2007 (1st non-US company), the 20th most admirable company
worldwide in Fortune's World's Most Admired Companies list of 2007 (1st in
network communications, 4th non-US company), and is the world's 119th largest
company in Fortune Global 500 list of 2007, up from 131 of the previous year. | |
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