Ericsson Aims to Produce 5M Handphones, Despite Crisis

By Julian Matthews

July 31, 1998 (KUALA LUMPUR) — Swedish telecommunications giant Telefonaktiebolaget LM Ericsson aims to make 3-5 million units of mobile phones at its Malaysian plant by the year 2000.

Ericsson Mobile Communications (M) Sdn., Bhd. managing director Olle Ulvenholm said the company hopes to achieve the target when a new plant comes onstream by mid-1999.

Ulvenholm said the 500,000 sq. ft. plant, to be built and equipped at a cost of 100 million ringgit (about US$25 million), will be adjacent to the company’s existing plant in Shah Alam.

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