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2017-02-01

Incap Oyj: Incap Corporation's opening ceremony of production facilities in India

Incap Corporation

Press Release 1 February
2017

INCAP CORPORATION'S OPENING CEREMONY OF PRODUCTION FACILITIES IN INDIA

The expansion of Incap's production premises in Tumkur was completed in
planned schedule and Incap celebrated the opening of the new facilities on 18
January 2017.

The expansion exceeding 2,000 square metres will be available for full
production by April of 2017 after the finalisation of ESD flooring. The
construction costs were in line with the budget and amounted to approximately
EUR 1 million.

The expansion is to prepare for the expected growth of revenue as the
deliveries to present customers in Europe are growing steadily and the
targeted new customers can only be serviced by increased manufacturing
capacity.

The production facilities are located in Tumkur, near Bangalore. The floor
space including expansion is 10,000 square metres and the number of personnel
is about 450. The factory produces product entities like power supplies,
inverters and UPS, fuel dispensers, electric actuators for valves, among
others, as well as other electronic products.

Further information:
Murthy Munipalli, Managing Director, Incap India, tel. +91 98802 31431
Ville Vuori, President and CEO, tel. +358 400 369 438

Enclosures:
Photos on inauguration

Distribution:
Major media in Finland and in India
www.incapcorp.com

INCAP IN BRIEF
Incap Corporation is an international contract manufacturer. 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, and the company
currently employs approximately 520 people. Incap's share is listed on the
Nasdaq Helsinki Ltd. as from 1997. Additional information: www.incapcorp.com.

Mr Munipalli presenting new facilities to guests of honor
http://hugin.info/120192/R/2075122/780212.jpg
Cutting the ribbon by Mr Reinout Vader from Victron
http://hugin.info/120192/R/2075122/780211.JPG

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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