K. T. Jagannathan
SRIPERUMBUDUR: The $30-million facility of Perlos Corporation of Finland, a leading supplier of handset mechanics, on Thursday went on commercial production.
The first phase of the project has come up on a 20,000-sq. metre facility at the Nokia Telecom Special Economic Zone here. The plant now employs 770 people, of which nearly 40 per cent are women. The factory is working round the clock on all seven days.
Addressing a press conference here, Matti Virtanen, President and CEO of Perlos Corporation, said the factory had enough space to expand its capacity in the second phase. Any expansion, however, would depend on how the demand evolved.
Mr. Virtanen said the year 2008 would be good for the Indian subsidiary. While asserting that no decision had yet been taken on expansion, Jarmo Kolehmainen, Managing Director of Perlos Telecommunication and Electronic Components (India) Private Ltd., said the facility “has enough space to put up a similar size capacity.” The factory was capable of churning out six million units a month now.
Mr. Virtanen said Perlos was hoping to see return on its investment in the facility from next year onwards.
Earlier, addressing a gathering prior to the formal inauguration of the facility, Andreas Tallberg, Chairman, Board of Directors of Perlos Corporation, said Taiwanese company Lite-On Technology had offered to purchase all Perlos shares. This offer followed a tender process the company had initiated. “Once the deal is closed, both Perlos and Lite-On will have a great chance of leveraging each other’s competencies, service offerings and other synergies,” he said.
The mutual target would be to build a new powerhouse to the handset industry, he added.
On the Taiwanese offer, Mr. Virtanen said it was too early to comment on the kind of impact it would have on the Perlos’ India operations. One had to wait for the deal to be closed, he pointed out.