Nokia is reported to be mulling opening a new handset factory in Argentina, which would take its tally of own-factories to ten worldwide. The company has been moving handset production to lower cost countries, a move which has at times caused controversy when it closed its Bochum plant in Germany.
"Nokia is investigating the possibility to arrange mobile device assembly in Argentina," Nokia spokesman Tapani Kaskinen told the Reuters news agency without elaborating.
Nokia recently announced plans to cut around 12% of its workforce at its Finnish factory as it switched the facility from low-cost handset production towards higher margin smartphones.
The company currently has ten factories in nine countries: Brazil, China, Finland, Hungary, India, Mexico, Romania, South Korea and the UK.
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