Embed Doc
Copy Link
Readcast
Collections

CommentGo Back

Download

NOKIA

Fredrik Idestam, founder of Nokia.Leo MechelinThe Nokia House, Nokia's head office located by the Gulf of Finland in Keilaniemi,Espoo, was constructed between 1995 and 1997. It is the workplace of more than 1,000 Nokia employees.

Type:

Public – Oyj (OMX: NOK1V, NYSE: NOK ,FWB: NOA3)

Founded:

Tampere, Finland(1865) incorporated in Nokia(1871)

Founder

Fredrik Idestam

Headquarters

Espoo, Finland

Area served

Worldwide

Industry

Telecommunications Internet Computer software

Nokia

Nokia is engaged in the manufacturing of mobile devices and in converging Internet andcommunications industries, with 128,445 employees in 120 countries, sales in more than150 countries and global annual revenue of EUR 50.7 billion and operating profit of 5.0 billion as of 2008.It is the world's largest manufacturer of mobile telephones: its globaldevice market share was about 37% in Q1 2009, down from 39% in Q1 2008 andunchanged from Q4 2008.Nokia produces mobile devices for every major marketsegment and protocol, including, CDMA, and W-CDMA (UMTS). Nokia offers Internetservices that enable people to experience music, maps, media, messaging and games. Nokia's subsidiary Nokia Siemens Networks produces telecommunications network equipment, solutions and services. The company is also engaged in providing digital mapinformation through its wholly-owned subsidiary Navteq. Nokia has sites for research and development, manufacture and sales in many countriesthroughout the world. As of December 2008, Nokia had

R&D

presence in 16 countriesand employed 39,350 people in research and development, representing approximately31% of the group's total workforce. The Nokia Research Center, founded in 1986, is Nokia's industrial research unit consisting of about 500 researchers, engineers andscientists. It has sites in seven countries: Finland, China, India, Kenya, Switzerland, theUnited Kingdom and the United States. Besides its research centers, in 2001 Nokiafounded (and owns) INdT – Nokia Institute of Technology, a R&D institute located inBrazil.

Nokia

operates a total of 15 manufacturing facilities locatedat Espoo, Oulu and Sal, Finland;Manaus, Brazil; Beijing, Dongguan and Suzhou, China;Farnborough, England; Komárom, Hungary; Chennai, India;Reynosa, Mexico; Jucu,Romania and Masan, South Korea. Nokia's Design Department remains in Salo, Finland.

Nokia's history starts

in 1865 when mining engineer Fredrik Idestam establisheda groundwood pulp million the banks of the Tammerkoski rapids in the town of Tampere,in southwestern Finland, and started manufacturing paper.In 1868, Idestam built a secondmill near the town of Nokia, fifteen kilometers (nine miles) west of Tampere by the Nokianvirta river, which had better resources for hydropower production. In 1871,Idestam, with the help of his close friend statesman Leo Mechelin, renamed andtransformed his firm into a share company, thereby founding the Nokia Company, thename it is still known by today.

The name of the town, Nokia

, originated from the river which flowed throughthe town. The river itself, Nokianvirta, was named after the archaic Finnish wordoriginally meaning a small, dark-furred animal that lived on the banks of the Nokianvirtariver. In modern Finnish,

noki

means soot and

nokia

is its inflected plural, although thisform of the word is rarely if ever used. The old word,

nois

(pl.

nokia

) or

nokinäätä

("sootmarten"), meant sable. After sable was hunted to extinction in Finland, the word wasapplied to any dark-furred animal of the genus

Martes

, such as the pine marten, which arefound in the area to this day.

Mission:Vision and strategy

Our promise is to help people feel close to what is important to them Nokia is a consumer led company. There is a progressive and continuous increase inconsumer involvement with technology and communications globally. People are broadening their modes of communication to include the web and, social networks are becoming central to how people communicate.People want to be truly connected, independent of time and place, in a way that is very personal to them. And, Nokia’s promise is to connect people in new and better ways. Nokia’s strategy is to build trusted consumer relationships by offering compelling andvalued consumer solutions that combine beautiful devices with context enriched services.