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2015-08-31

Incap Oyj: Incap and Kemppi start cooperation in India

Incap Corporation

Press Release 31 August 2015 at 10.45 am EET)

INCAP AND KEMPPI START COOPERATION IN INDIA

Incap Corporation and Kemppi Oy have signed a contract on cooperation concerning electronics manufacturing services. Incap's subsidiary in Tumkur, near Bangalore in India, will deliver electronics assemblies to Kemppi's factory in Chennai to be used in Kemppi's arc welding equipment.
Ville Vuori, CEO of Incap: "We are very pleased to enter into cooperation with Kemppi, as their high quality welding equipment is known worldwide. Kemppi's products have good prospects for growth, and we are proud to join their supply chain as a cooperating partner. Indian factories of both Kemppi and Incap are operating with excellent performance, and we trust that the cooperation will benefit us both."
Janne Karppinen, Sourcing and Logistics Director of Kemppi: "We believe that cooperation with Incap will strengthen the competitiveness of our Indian factory. We needed in India a partner that is able to support our growth in Asia with reliable deliveries and high-class solutions".
Incap started operating in India in 2007 when it acquired a contract manufacturing business in Tumkur, near Bangalore. The factory has today 340 employees. Kemppi opened its own factory in Chennai in January 2011. Kemppi is a world-leading manufacturer of arc welding equipment and a provider of solutions for highly productive welding. Kemppi's arc welding equipment and the state-of-the-art technology solutions are top-rated worldwide. The company has own offices in 16 countries and regular export into 70 different countries. Kemppi's revenue in 2014 amounted to EUR 114 million.
INCAP CORPORATION
For additional information, please contact:
Ville Vuori, President and CEO of Incap Group, tel. +358 400 369 438
Murthy Munipalli, Managing Director of Incap India, tel. +91 98802 31431
DISTRIBUTION
Principal media
The company's home page www.incapcorp.com

INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical
products from design and sourcing to actual manufacture and further to
maintenance services. 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. The company currently employs
approximately 400 people. Incap's share is listed on the NASDAQ OMX Helsinki
Ltd. since 1997. Additional information: www.incapcorp.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire

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