In 1987, the state sold its shares in Telefenno to Nokia and in 1992, the name was changed to Nokia Telecommunications. The network equipment division was merged with a Finnish State entity to form "Telefenno". For example, in 1984, the development of an exchange for the Nordic Mobile Telephone network was begun. Its architecture allowed it to be further developed into other switching products. The DX 200 became the workhorse of the network equipment division. In the 1970s, Nokia produced the Nokia DX 200, a digital switch for telephone exchanges. This may have contributed to Nokia's focus on mobile phone technologies. Nokia researchers were encouraged to develop their own projects. It operated for the next fifteen years, sometimes at a loss. In 1967, an electronics division within the Nokia corporation was formed. In 1962, it produced a pulse height analyzer used in nuclear power plants. In 1960, a cable division of the Nokia group had been formed. The new company manufactured products including paper items, car and bicycle tires, rubber boots, communications cables, televisions and other consumer electronics, personal computers, generators, robotics, capacitors, Military technology and equipment (such as the SANLA M/90 device and the M61 gas mask for the Finnish Army), plastics, aluminum and chemicals. In 1967, Nokia Corporation was formed through the merger of the three companies. This gave the company a foothold for later trade. After World War II, Finnish Cable Works supplied cables to the Soviet Union as part of its war reparations. Weckman was a wrestler and was Finland's first Olympic Gold medallist. In 1963, after 16 years as a technical director, Verner Weckman became the president of the Finnish Cable Works company. His company produced telephone, telegraph, and electrical cables. The cable works had been founded in 1912 by Arvid Wickström. In 1932, the Finnish Rubber Works also acquired the Suomen Kaapelitehdas Oy ( Finnish Cable Works). Īfter World War I, the Nokia Company was nearing bankruptcy and was acquired by the Finnish Rubber Works. In the early 1900s, the Finnish Rubber Works established factories near Nokia and used the town's name in the company's branding. In 1898, Polón founded Suomen Gummitehdas Oy ( Finnish Rubber Works) - a manufacturer of galoshes and other rubber products. Portrait of Eduard Polón by Eero Järnefelt.Įduard Polón (1866 – 1960), was a Finnish business leader. In 1902, Nokia commenced electricity generation. During this time, Mechelin persuaded shareholders to allow the company to enter the electricity business. In 1896, Idestam retired and Mechelin became the company's chairman. In the late 1800s, Mechelin wanted to expand the company into the electricity business. In 1871, Idestam and Leo Mechelin, a statesman and Idestam's friend, transformed Idestam's enterprises into a public limited company called Nokia Ab. The river had better hydropower resources than those at Tampere. Nokia lies 15 kilometres (9.3 mi) west of Tampere, by the Nokianvirta river. In 1868, Idestam built a second mill near the town of Nokia. Tampere was then part of the Russian Empire. In 1865, the mining engineer, Fredrik Idestam established a ground wood pulp mill on the banks of the Tammerkoski rapids in the town of Tampere, in southwestern Finland. The commercial entities that preceded the modern-day Nokia company included Nokia Ab (Nokia company) Suomen Gummitehdas Oy (Finnish Rubber Works Ltd) and Suomen Kaapelitehdas Oy (Finnish Cable Works Ltd). The name "Nokia" is derived from the town Nokia and the Nokianvirta River which was aside the factory.
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