Telecom Crisis followed by further expansion
Growth in China
At the beginning of the new millennium, the telecom crisis was a fact and the IT-bubble burst with full force. Nefab’s turnover stagnated and it was necessary to temporarily cut back on expansion plans. But soon, the business climate improved and Nefab could resume plans. In 2005, a manufacturing site was built in Slovakia, and now the, large-scale Asian expansion could take place. In 2007, a site was established in Beijing, China, and two years later, sites were established in Xiamen and Wuhan. Another big step is taken when Nefab decides to enter another huge and fast-growing market – India! The first site in India was built in Manesar 2007, with one in Chennai following in 2009. While the geographical footprint was expanded and capabilities in new materials were added, a global engineering network was also established to ensure that competence, solutions and learnings could be shared more effectively between different regions and markets. A new global system to store and share drawings was also implemented. Through the new system engineers could easily and efficiently store, find and share solutions within the global engineering network.
