ESPOO, FINLAND --
Aspocomp Oulu Oy and the headquarter operations of Aspocomp Group reported first-quarter sales down 36.5% year-over-year. For the quarter ended March 31, net sales were €3.3 million ($4.47 million).
In addition to operations in Finland, Aspocomp Group has a 20% stake in the joint venture
Meadville Aspocomp (BVI) Holdings Limited. In late 2008, Meadville reduced head-count in Suzhou. In March 2009, the company started to re-hire at the Suzhou plant in response to improved market demand and in anticipation of the scheduled China 3G launch in May.