Incap and Kemppi signed a contract on cooperation

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Incap Corporation
Press release 24 February 2011 at 1 p.m.



INCAP AND KEMPPI SIGNED A CONTRACT ON COOPERATION


Incap and Kemppi Oy have signed a contract on cooperation concerning electronics manufacturing services. The contract was signed on 18 February and the first volume deliveries will take place in March 2011.


Incap delivers electronics assemblies to be used in Kemppi’s arc welding equipment. The assemblies are manufactured at Incap’s factory near Bangalore, India, and delivered to Kemppi’s factory in Chennai.


Jari Koppelo, Incap’s director of Business Unit Energy Efficiency is satisfied with the contract: “Kemppi’s high quality welding equipment is known all over the world and we are very proud to be a part of their supply chain. Growth prospects for Kemppi are good and the partnership in an expanding business in the Indian market is most welcome to us.”


The cooperation with Kemppi supports Incap’s strategy, according to which Incap aims at offering local services near its customers’ own growing markets. Kemppi opened its own factory in Chennai in January 2011 and plans a considerable expansion of production capacity during the next few years.


Incap started operating in India in 2007 when it acquired a contract manufacturing business in Tumkur, near Bangalore. The factory is today the biggest unit of Incap with its personnel of approximately 350. Incap has also concentrated its design services in Bangalore, and the target is to increase the design capacity and services further.


Kemppi Oy is known as a provider of high-quality productive solutions. Kemppi’s arc welding equipment and the state-of-the-art technology solutions are top-rated worldwide. Kemppi has subsidiaries across 13 countries and is present in 70 other countries through a network of sales offices and distributors. The Kemppi Group’s revenue in 2009 amounted to approx. EUR 80 million.



INCAP CORPORATION
Further information:
Sami Mykkänen, President and CEO of Incap Group, tel. +358 40 559 9047 
Jari Koppelo, Director, Energy Efficiency, tel. +358 40 347 2092
Hannele Pöllä, Director, communications and HR, tel. +358 40 504 8296


DISTRIBUTION
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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 million, and the company currently employs approximately 770 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.