The Hindu Business Line : Finnish co Perlos opens plant near Chennai

Chennai, Oct. 4 Perlos Corporation, a €700-million Finnish design and manufacturing partner for the telecom and electronics industry, today inaugurated its plant at Sriperumbudur, near Chennai. This is the company’s eighth global manufacturing facility. It has four such facilities in China and one each in Mexico, Brazil and Hungary.

In the first phase, the company has invested $30 million (Rs 120 crore) in the plant located in the Nokia Telecom SEZ to manufacture around six million ‘handset mechanics’ a month.

The plant employs around 800 people. There is space for a similar size expansion when demand picks up, according to the company’s President and Chief Executive Officer, Mr Matti Virtanen.

Perlos focuses on product development, design and manufacture of mechanical and electromechanical parts for mobile phones and decoration and assembly. Examples of end products include mobile phone covers and frame components in plastic and metal, connectors and antennas.

Mr Virtanen said Perlos is currently in a tender offer process, in which the Taiwanese company Lite-On Technology has offered to purchase all Perlos shares.

After the deal is closed, both Perlos and Lite-On will have a chance to leverage on each other’s competencies and service offerings.

However, post-acquisition there will not be any major change in the Indian operations. As per the tender process, Perlos will continue to be an independent company.

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