Denmark: Shima Communication gets capital injection

Article Abstract:

Shima Communication, that produces mobile phones in Aalborg, will get a DKr25mn capital injection from FIH (Finansieringsinstituttet for Industri og Handvaerk = Finance for Danish Industry). FIH project manager Mads Heine says the company is not concerned about the general weakening of the market for mobile phones as the downturn for telecoms investments is expected to affect mainly the 3rd generation of mobile telephony business. Shima's main business is based on the GSM technology. Shima recently obtained the technical approval for its telephone platform and is now prepared to send its first mobile phones to China.

Strategy & planning

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CHINA: SHIMA COMMUNICATIONS WINS CONTRACT

Article Abstract:

Danish mobile telephone development company Shima Communications, Aalborg, has been awarded a big contract in China. Shima is to develop a new GSM mobile telephone, specially designed for the Chinese market, for the Chinese company Soutec. MD Jorgen Bregnhoj in Shima does not want to reveal any profit estimates but says the Chinese market is one of the biggest in the world. Several foreign investors have invested large sums in Shima.

China, Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, New orders received, Dial Telephones, Cordless telephones

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DENMARK: SHIMA'S NEW PHONE TO BE LAUNCHED IN CHINA

Article Abstract:

Shima Communications, the Aalborg-based company developing mobile phones, has obtained an approval for its GSM-GPRS phone, that will soon be launched on the Chinese market. The client, Southern Hi-Tech Co. will start mass production of the phone. Shima was set up in 1999 by executives who had been sacked from Maxon, a company that also develops mobile phones.

Foreign operations

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