Stock Exchange Release 7 April 2016 at 8 am (EET)
INCAP IS EXPANDING ITS PRODUCTION FACILITIES IN INDIA
Incap has signed a construction contract on the expansion of its present factory premises in India. The construction work will commence in April and the expansion of approximately 2,000 square metres is scheduled to be available by the end of 2016. The construction costs of approximately EUR 1 million will be financed using operating income.
The expansion will boost the manufacturing capacity to meet the demand of the growing export business. The deliveries to present customers in Europe continue growing steadily and the targeted new customers can be served by increased manufacturing capacity only.
The expansion will be constructed following the principles of sustainable building, i.e. paying special attention to efficient use of energy and other resources.
The factory is located in Tumkur, near Bangalore. The floor space of the present facilities is approximately 7,700 square metres and the number of personnel is about 400. The factory produces product entities like power supplies, inverters and UPS, PCBs for fuel dispensers, electric actuators as well as other electronic products.
Ville Vuori, President and CEO, tel. +358 400 369 438
Murthy Munipalli, Managing Director of Incap India, tel. +91 98802 31431
Nasdaq Helsinki Ltd
The company's home page www.incapcorp.com
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China, and the company currently employs approximately 470 people. Incap's share is listed on the Nasdaq Helsinki Ltd as from 1997. Additional information: www.incapcorp.com.
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Source: Incap Oyj via Globenewswire