International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
From its origins as a wood-pulp mill in southern Finland, to rubber boot manufacturer and now the world’s leading phone brand, Nokia has come a long way.
October 13, 2008 6:22 by kippreport
Using the Nokianvirta river’s hydroelectric power, the Finnish Rubber Company opened a factory alongside Nokia, and started using the Nokia name in the 1920s. In addition to footwear (galoshes) and tyres, the company later went on to manufacture rubber bands, industrial parts and raincoats – in fact the Nokia name became synonymous with rubber boots. After World War II the Finnish Rubber Works bought the majority of the Finnish Cable Works shares. The Finnish Cable Works was a company that had grown quickly due to the increasing need for power transmission and telegraph and telephone networks. Gradually the ownership of the Rubber Works and the Cable Works companies consolidated. In 1967 the companies were merged to form the Nokia Group.
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