Press Release 3 June 2013 at 8.30 EEST
INCAP INDIA SIGNS MANUFACTURING AGREEMENT WITH TOKHEIM INDIA
Incap Contract Manufacturing Services Pvt Ltd has signed a manufacturing agreement with Tokheim India Pvt Ltd to manufacture PCBAs for the electronic assemblies of fuel retailing equipment. The PCBAs are manufactured at Incap's factory at Tumkur, India and delivered to Tokheim factory in Mumbai.
Murthy Munipalli, Managing Director of Incap CMS Pvt Ltd said: "We are very happy to get associated with Tokheim, pioneers and global leader, catering to the needs of the fuel retailing business. We will be manufacturing different PCBAs for the equipment supplied by Tokheim to its wide market base and do foresee a strong growth potential in this association and look forward for the same in the years ahead."
Mr.Antoine Gin, Director Purchasing Tokheim said: "Tokheim is happy to reinforce its supply base in India, reinforcing its worldwide positioning on deliveries of quality and cost effective products for key markets."
For further information, please contact:
Mr Murthy Munipalli, Managing Director of Incap CMS Pvt Ltd, tel. +91 803 062 1100
Mr Sami Mykkänen, CEO Incap Group, tel. +358 40 559 9047
Mr Jari Koppelo, Director, Energy Efficiency, Incap Group, tel. +358 40 347 2092
More about Incap:
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, India and China. The Group's revenue in 2012 amounted to approx. EUR 64.1 million and the company currently employs approx. 600 people. Incap's share is listed on the NASDAQ OMX Helsinki.Additional Information:www.incap.fi.
More about Tokheim:
Tokheim is one of the world's largest providers of fuel retailing solutions. This consists of four core elements: Dispensers, Systems & Payment, Service and Project Management. Tokheim has well-established customer portfolio covering more than 120 countries, including major oil companies, hyper/supermarkets and many independent fuel retailers. Tokheim is headquartered in Paris, Europe and having direct operations throughout Europe, Africa, Asia, Middle East and South America and Joint Venture in China. Additional Information:www.tokheim.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Incap Oyj via Thomson Reuters ONE