Incap to start co-operative negotiations at its factory in Vaasa

Incap Corporation               
Stock Exchange Release  2 January 2013 at 1.30 p.m.                                

INCAP TO START CO-OPERATIVE NEGOTIATIONS AT ITS FACTORY IN VAASA

Incap Corporation has today invited all the personnel at its factory in Vaasa to co-operative negotiations. The actual negotiations will start in a week on 8 January and they will deal with actions which may result in eventual temporary lay-offs of personnel for a maximum of 90 days.

Decision on negotiations was made because in order to ensure the profitability, the company needs to adjust the operations of the factory to meet with the order base for the beginning of the year 2013 and the demand estimates given by the customer. Incap manufactures at the Vaasa factory rotor components and a variety of sheet-metal products, among others, and their demand is estimated to decrease in the beginning of this year from the level at the end of 2012.

Incap employs today at its Vaasa factory 72 persons, from whom 10 are salaried employees and 62 operative workers.

Last time Incap ran co-operative negotiations in January 2012 with the personnel of the Group services and the Helsinki factory.

INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and IR, 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, India and China. The Group’s revenue in 2011 amounted to EUR 68.9 million, and the company currently employs approximately 670 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.