Incap doubles its production space in Estonia
(Thomson Reuters ONE) -
Incap Corporation
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.
INCAP CORPORATION
Sami Mykkänen
President and CEO
Further information:
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
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
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 760 people.
Incap's share is listed on the NASDAQ OMX Helsinki. Additional information:
www.incap.fi.
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
[HUG#1546039]
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2011 - 12:01 Uhr
Sprache: Deutsch
News-ID 64381
Anzahl Zeichen: 3463
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Incap doubles its production space in Estonia"
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