Incap opens an office in Hong Kong
(Thomson Reuters ONE) -
INCAP CORPORATION STOCK EXCHANGE RELEASE
29 June 2011 at 11 a.m.
INCAP OPENS AN OFFICE IN HONG KONG
Incap is enhancing and improving its materials management further by
establishing an office for sourcing and procurement in Hong Kong. The local
company, Incap Hong Kong Limited, will start operating in the beginning of
August, when the Group's Director, Sourcing and materials, will move to Hong
Kong.
Materials account for a significant share of Incap's revenue. Consequently,
sourcing efficiency and material prices have a major impact on the company's
profitability and competitiveness. Today Incap already buys steel, cables, PCBs
and components directly from Asian suppliers and indirectly through different
importers and distributers of components. With the new company in Hong Kong
Incap is better able to tender the traditional supply channels especially in
electronical components.
The cooperation with the sourcing partner based in Suzhou, China, and in Hong
Kong will continue. At the moment, the partner has five employees designated to
handle sourcing for Incap.
Besides developing sourcing and procurement Incap also enhances its materials
management related to purchases and inventories. The target is to increase the
inventory turnover rate and thereby to free working capital and improve the
profitability. The resources will be increased as well and BBA Ossi Kinnunen is
appointed a new sourcing manager for electronics as from 5 July. Kinnunen has
served both OEM and contract manufacturers and has more than 25 years of
experience in sourcing and procurement of electronical components. His
competence and solid experience will benefit particularly Incap's factories in
India and Estonia.
INCAP CORPORATION
Sami Mykkänen
President and CEO
Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Hannele Pöllä, Director, Communications and investor relations, tel.
+358 40 504 8296
DISTRIBUTION
Principal media
Company website: www.incap.fi
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 730 people.
Incap's share is listed on the NASDAQ OMX Helsinki Oy. Additional information:
www.incap.fi
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Source: Incap Oyj via Thomson Reuters ONE
[HUG#1526819]
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 55950
Anzahl Zeichen: 3593
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Incap opens an office in Hong Kong"
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