Aspocomp to set up plant in Chennai

Chennai, Oct 4 (UNI) Aspocomp, a leading producer of advanced Printed Circuit Boards (PCB) is setting up in Chennai a new High Density Interconnections (HDI) PCB plant at an initial investment of USD 100 million.

The plant will be India's first high technology HDI PCB production facility.

Addressing a press conference here, Aspocomp Chief Executive Officer Maija-Liisa Friman said the unit would be operational during the second half of 2007 and go full stream in 2008.

The plant, to come up on a building area of 33,000 sq mt within the Nokia Telecom Special Economic Zone in Sriperumbudur, would manufacture HDI PCB for mobile devices.

It would provide employment to 1,500 people in the first phase and the workforce would be later increased to 2,700 with people working on three rotating shifts, she said.

The plant's production capacity in the initial phase would be 200,000 HDI PCBs per day, which would be increased to 105 million by 2011. The project would be financed with long-term loans raised by the parent company and the Indian subsidiary.

Ms Friman said the plant was designed to be a 'zero discharge' facility in compliance with strict environmental guidelines of the company. There were also plans to set up R&D facilities in Chennai.

The Aspocomp Group's production facilities are located in Finland, China and Thailand. In 2005, the Group's net sales stood at Euro 154 million and had about 3,400 employees.

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