GlobeNewswire by notified

Incap Corporation: Incap India wins the prestigious ELCINA award

Share

Incap Corporation        Press release             21 September 2022 at 10:00 a.m. EEST          

Incap Corporation: Incap India wins the prestigious ELCINA award

Incap Contract Manufacturing Services Pvt Ltd has been honoured with the prestigious award granted by the oldest and largest industry association ELCINA. Incap was selected for ELCINA's Special Jury Award for "Excellence in Make in India by an EMS Company'' for 20212022.

The award was presented to the company at the award ceremony on 20 September at the EROS Hotel in New Delhi. Murthy Munipalli, Managing Director of Incap India, stated that the company is very honoured to be recognised by the most prestigious and largest industry association in India that promotes the electronics hardware and IT/Manufacturing sector since 1967.

“This is the first time Incap has received this award, and we are very proud of it. I am thankful to all the team members in our Tumkur factories for this achievement as well as to ELCINA for noticing our pursuits towards the success that we have gained so rapidly, especially during the last few years. Even though the times in the world are changing and challenging, we are heading towards even stronger growth of our company,” Munipalli stated. He also emphasised that the recognition and the results of the company are received thanks to Incap’s great cooperation with partners, customers, and the local community in Tumkur. “We exist together and offer mutual support for each other.”

ELCINA has been presenting Annual Awards since 1976 to organisations in the Electronics Hardware and Services sector in India. In addition to Special Jury Awards, these awards recognise outstanding work in R&D, Exports, Quality, Business Excellence, and Environment Management. The awards for Excellence in Innovation, PCB Manufacturing, and Start-Ups have been introduced in recent years. While presenting the award to Incap India, the jury recognised Incap for the exceptional achievements in Electronics Manufacturing Services domain with the tripling of sales in the last two years and rapid growth in employment generation opportunities in the last five years from ~800 to more than 2,000 in 2022.

The award committee was also deeply impressed by the rapid expansion in manufacturing output achieved by Incap and exporting the same to the extent of 90% to developed markets. The committee also took note of Incap’s upcoming expansion plans investing in a new facility.

Incap India’s factories are located in Tumkur, near Bangalore. The factories have deliveries all over the world. In India, Incap specialises in manufacturing electronics and box-build products, having long experience, particularly in power electronics. The factory produces inverters and UPS, PCBs for fuel and cash dispensers, power supply units, rescue devices, solar inverters, drives, and medical devices, as well as devices for other electronic industrial products. The machinery is suitable for common component technologies, and together with the great location and skilled personnel, Incap can provide high-quality manufacturing services to meet the most demanding customer needs. The customers of Incap India are globally operating electronic device manufacturers who may be established in Europe but have production facilities in Asia.

The two factories in Tumkur have 18,000 square meters of total floor space. The modern facilities enable fast and flexible manufacturing of different types of products. To meet the growing demand, Incap has been increasing its production capacity in India and is investing in a third factory, the opening of which is estimated to take place at the end of 2022. The third factory will add another 8,500 square meters to production capacity.

INCAP CORPORATION

For additional information, please contact:
Mr Murthy Munipalli, Managing Director of Incap CMS Pvt Ltd, tel. +91 98802 31431
Mr Otto Pukk, President and CEO of Incap Corporation, tel. +372 508 0798

Photos of Murthy Munipalli, Managing Director of Incap India: https://photos.app.goo.gl/7aFfgTYmsanbTXoZ6
Photos of Incap India factory: https://incapcorp.com/media/#1627833268552-34d6449f-ccf9

INCAP IN BRIEF

Incap Corporation is a trusted partner and full-service provider in Electronics Manufacturing Services. As a global EMS company, Incap supports customers ranging from large multinationals and mid-sized companies to small start-ups in their complete manufacturing value chain. Incap offers state-of-the-art technology backed up by an entrepreneurial culture and highly qualified personnel. The company has operations in Finland, Estonia, India, Slovakia, the UK, and Hong Kong and employs approximately 2,500 people. Incap’s share has been listed on the Nasdaq Helsinki Ltd stock exchange since 1997.

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Program for the publication of Yara International ASA third quarter results 20227.10.2022 11:05:00 CEST | Press release

The Yara International ASA third quarter 2022 results will be published on Thursday20October 2022at08:00 CEST. An on-line presentation will be held at 12:00 CEST, hosted by Yara President and CEO Svein Tore Holsether. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at: yara.com/investor-relations/latest-quarterly-report/ There will also be a conference call at 13:00 CEST the same day with an opportunity to ask questions to Yara’s management. Please use this link to register for this session: https://registrations.events/direct/Q4E60136. Registered participants will receive a full list of available international dial-in numbers and a unique passcode upon completed registration. Please join the event 5-10 minutes prior to scheduled start time. Alternatively, it is possible to use the dial-in numbers listed below on the day of the conference call to register through an operator: Norway - National +47.57.98.94.30

Telenor etablerer fiberselskap i Norge7.10.2022 08:55:29 CEST | Pressemelding

(Fornebu 07 september 2022) Telenor inngår en transaksjon som skal støtte fremtidige investeringer i Norges telekominfrastruktur. Tidligere i år påbegynte Telenor en prosess for å vurdere etableringen av et eierselskap for passiv fiberinfrastruktur, med en medinvestor i en minoritetsposisjon. Telenor har nå kommet til enighet om å selge 30 prosent av det nye fiberselskapet til et konsortium ledet av det globale investeringsselskapet KKR, som investerer gjennom sin kjerneinfrastrukturstrategi. Konsortiet inkluderer Oslo Pensjonsforsikring som medinvestor. Det nyetablerte selskapet er et datterselskap av Telenor og vil bli en del av det nye forretningsområdet Telenor Infrastruktur. Selskapet vil eie de passive elementene i det norske fibernettet. Dette omfatter omtrent 130.000 kilometer med kabler som leverer tjenester til omtrent 560.000 husstander. Eiendelene vil bli skilt ut fra Telenor Norge før transaksjonen sluttføres. Telenor Norge blir selskapets eneste kunde og alle operasjonell

Telenor establishes fibre company in Norway7.10.2022 08:55:29 CEST | Press release

(Fornebu 7 September 2022) Telenor enters into a transaction supporting future investments in Norway's telecom infrastructure. Earlier this year, Telenor initiated a process of evaluating the establishment of a passive fibre infrastructure ownership company with a minority co-investor. Telenor has now reached an agreement to divest 30 percent of the newly established company, Telenor Fiber AS, in Norway to a consortium led by KKR, investing through its Core Infrastructure strategy. The consortium includes Oslo Pensjonsforsikring as a co-investor. The newly established company is a subsidiary of Telenor and will be a part of the Infrastructure business area. The company will own the passive fibre assets in Norway. This includes 130,000 km of cables, connecting upwards of 560,000 homes. The company’s assets will be transferred from Telenor Norway in a demerger process prior to completion of the transaction. Telenor Norge will be the company’s only customer and all operational processes r

Sampo plc’s share buybacks 06/10/20227.10.2022 07:30:00 CEST | Press release

SAMPO PLC STOCK EXCHANGE RELEASE 07/10/2022 at 08:30 am Sampo plc’s share buybacks 06/10/2022 On 06/10/2022 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows: Sampo plc’s share buybacksAggregated daily volume (in number of shares)Daily weighted average price of the purchased shares*Market (MIC Code)14,28144.90AQEU46,32744.76CEUX9,49144.89TQEX89,90144.82XHELTOTAL160,00044.81 *rounded to two decimals On 9 June 2022, Sampo announced a share buyback programme of up to a maximum of EUR 1 billion in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 10 June 2022, is based on the authorization granted by Sampo's Annual General Meeting on 18 May 2022. After the disclosed transactions, the company owns in total 11,395,404 Sampo A shares representing 2.14 per cent of the total number of shares in Sampo plc. Details of e

CSC and Intertrust have obtained Regulatory Clearance from the Central Bank of the Bahamas7.10.2022 07:15:00 CEST | Press release

JOINT PRESS RELEASE This is a joint press release by Intertrust N.V. ("Intertrust" or the "Company") and CSC (Netherlands) Holdings B.V. ("CSC" or the "Offeror") in connection with the recommended public offer (the "Offer") by the Offeror for all the issued and outstanding ordinary shares in the capital of Intertrust. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Intertrust. Any offer will be made only by means of the offer memorandum (the "Offer Memorandum") approved by the Dutch Authority for Financial Markets (Stichting Autoriteit Financiële Markten, the "AFM") which was published on 31 March 2022, and subject to the restrictions set forth therein. With reference to the joint press releases of 6 December 2021, 31 March 2022, 30 May 2022, 21 July 2022, and the Intertrust press release of 31 May 2022, the Offer is subject to the satisfaction or waiver of the offer conditions, all in accordance with the terms