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Nokia plans €10 mln addition to Hungarian plant

Nokia plans to build a €10 mln addition onto its plant in the Hungarian city of Komárom in order to meet rising demand, the company announced on Friday.

Finnish mobile phone company Nokia will build a new 10,000-square-meter hall at the site to be used to put the finishing touches on its phones and prepare them for shipping. The building will be completed by August 2007, bringing Nokia's production area at the site to 60,000 square meter. Nokia spent €100 m to build its plant in Komárom. Since production started in 2000, the plant has turned out 300 million handsets. (Bloomberg)