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<DESCRIPTION>EXHIBIT 99.2 (PRESS RELEASE) PAGES 007-008
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Exhibit 99.2



CELESTICA COMMENCES STRATEGIC MANUFACTURING RELATIONSHIP WITH LUCENT

TORONTO, Canada Celestica Inc. (NYSE, TSE: CLS), a world leader in electronics
manufacturing services (EMS), today announced that it has commenced its
previously announced five-year strategic manufacturing agreement with Lucent
Technologies.

As announced in late July, this transaction will see Celestica become Lucent's
primary EMS provider. As part of this transaction, Celestica has acquired
certain inventory, operating assets and real estate in the form of Lucent's
manufacturing operation in Columbus, OH. Celestica also acquired certain
inventory and operating assets at Lucent's Oklahoma City, OK. facility and will
lease that building. The aggregate purchase price of the deal is approximately
US$570 million, subject to post-closing adjustments.

This strategic manufacturing agreement will see Celestica become the leading EMS
provider for Lucent's North American switching, access and wireless networking
systems products. Celestica will provide a spectrum of electronics manufacturing
services such as printed circuit board assembly and test; prototype build;
system assembly; repair; enclosure; backplane and supply chain management for
the current and future generations of these products. A portion of this workload
will be transferred to other Celestica facilities around the world.

About Lucent Technologies

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers the systems, software and services for next-generation communications
networks for service providers and enterprises. Backed by the research and
development of Bell Labs, Lucent focuses on high-growth areas such as broadband
and mobile Internet infrastructure; communications software; Web-based
enterprise solutions that link private and public networks; and professional
network design and consulting services.

For more information on Lucent Technologies, visit its website at
http://www.lucent.com.

About Celestica

Celestica is a world leader in electronics manufacturing services (EMS) for
industry leading original equipment manufacturers (OEMs), primarily in the
computer and communications sectors. With facilities in North America, Europe,
Asia and Latin America, Celestica provides a broad range of services including
design, prototyping, assembly, testing, product assurance, supply chain
management, worldwide distribution and after-sales service.



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For further information on Celestica, visit its website at
http://www.celestica.com. The company's security filings can also be accessed at
http://www.sedar.com and http://www.sec.gov.

Celestica Safe Harbour and Fair Disclosure Statement

Statements contained in this press release which are not historical facts are
forward-looking statements which involve risk and uncertainties which could
cause actual results to differ materially from those expressed in the
forward-looking statements. Among the key factors that could cause such
differences are: the level of overall growth in the electronics manufacturing
services (EMS) industry; lower-than-expected customer demand; component
constraints; variability of operating results among periods; dependence on the
computer and communications industries; dependence on a limited number of
customers; and the ability to manage expansion, consolidation and the
integration of acquired businesses. These and other factors are discussed in the
Company's various public filings at http://www.sedar.com and http://www.sec.gov.

As of its date, this press release contains any material information associated
with this event.

For further information: please contact: Laurie Flanagan, Celestica Corporate
Communications, (416) 448-2200, media@celestica.com; To request a free copy of
this organization's annual report, please go to http://www.newswire.ca and click
on reports@cnw.




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