Sunday, December 19, 2004

Elcoteq and Thomson Enter Set-top Box Outsourcing Agreement

Thomson reached an outsourcing agreement with Elcoteq Network Corporation, a global provider of electronics manufacturing services . The deal includes the acquisition of Thomson's manufacturing operation in Juarez, Mexico, and manufacturing co-operation in the set-top box business.



Under the deal, Elcoteq will pay US$33 million for certain fixed assets and inventories of Thomson's Juarez manufacturing operation. Thomson's personnel in Juarez, Mexico will continue in Elcoteq's organization. Currently the plant employs approximately 2,000 employees.



Under the long-term manufacturing agreement, Elcoteq will become a preferred manufacturing partner to Thomson for the manufacture of set-top box products and produce Thomson's set-top boxes in Juarez, Mexico. In addition to manufacturing services Elcoteq will also offer other value add services such as component sourcing services to Thomson.



The acquisition of the Juarez plant will double Elcoteq's manufacturing capacity in Mexico. The Juarez plant is ideally located in the border region between Mexico and the US. http://www.thomson.nethttp://www.elcoteq.com

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