Incap doubles its production space in Estonia
Stock Exchange Release 13 September 2011 at 1 p.m.
INCAP DOUBLES ITS PRODUCTION SPACE IN ESTONIA
Incap has renewed the lease contract of its present factory site to cover also the construction of extension to premises. The lessor of the real estate will build an extension of 3,400 square metres to the present building. The extension will almost double the facilities to over 7,000 square metres. Additional floor space is necessary both for new customers and for new products, and especially the final assembly requires more space.
Sami Mykkänen, President and CEO: "The extension is elementary to ensure the company's delivery capability and to increase the business further. We find that Estonia still is a competitive location for manufacture attracting new customers especially in Central Europe. When our customers are considering the eventual outsourcing of their manufacture to us, they are very much interested in our ability to respond to their demand."
The construction work of extension starts this autumn, and the new facilities are estimated to be available in June 2012 at the latest. The construction is planned so that it does not hamper Incap's manufacturing operations.
Incap's present facilities in Kuressaare were taken into use in July 2006. The premises were already in the beginning planned to allow easy extension later on.
Incap employs in Estonia 203 persons at the moment. Besides the factory in Kuressaare the company also runs an office in Tallinn.
President and CEO
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Mikko Hirvinen, Chief Operations Officer, tel. +372 555 15295
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy-efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group's revenue in 2010 amounted to EUR 59.2 million, and the company currently employs approximately 760 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.