Nokia AB

industry:
Electricity generation,
General manufacturer
Nationality:
Finnish

Wood pulp mill established by Frederik Idestam in 1865 at Tampere; second mill at Nokia in 1868; company named Nokia AB in 1871; 1902 expanded into electricity generation; comapny near bankrupt at end of first world war, and to ensure the continuation of electricity supply from Nokia's generators, the Finnish Rubber Works acquired the business; in 1922 the Finnish Rubber Works acquired Finnish Cable Works, with all three companies jointly owned and producing a variety of goods; merged to form a new industrial conglomerate, Nokia Corporation, in 1967 NOTE: see seperate entry for Nokia Corporation post 1967.