Diebold buys manufacturing plant in India By BRANDON GLENN
July 15. 2005 10:46AM Diebold Inc. (NYSE: DBD) has purchased a 30,000-square-foot automated teller machine manufacturing plant in India that company officials say will help it service customers in Asia. Terms of the company’s deal with Tata Infotech were not disclosed. Diebold, a Green-based maker of ATMs, election machines and security systems, had manufactured ATMs on a contract basis at the factory in Goa, India, since 2002. The acquired factory employs about 60 people, according to Mike Jacobsen, a company spokesman. "This plant will help advance Diebold's manufacturing capability throughout Asia and will dramatically increase our ability to meet the needs of our customers in India," said chief operating officer Eric Evans. Diebold officials last month said the company plans to cut about 300 jobs. Around 100 of the jobs cuts will be at a Virginia plant, with the other 200 coming from North America and Western Europe. Mr. Jacobsen indicated that more than half of the 200 job cuts would come from outside of Northeast Ohio. Diebold employs about 2,000 people in the region. The company is scheduled to release its second-quarter financial results on July 27.
