ICAPE Group continues its growth in Russia

Since 2013, the company has operated with a dedicated business unit in Moscow serving the Russian market. Three years ago, Yoann Vincent took the lead of the unit and the team has now outgrown its current office.

After 6 years, ICAPE Russia decided to expand from 45 to 100+ square metres – adding additional storage space, a press release reads. A few weeks ago, the ICAPE Russia (IRUS) team not only moved into the new Moscow office, but also welcomed two new sales representatives. “The results show a growing in revenue and profitability of ICAPE in Russia. We plan 8.3 million USD for 2019”, says Yoann Vincent, director of ICAPE Russia, in the press release. “To achieve these objectives, we will rely on an expanded sales team (7 sales in 2019), as well as an optimization of the logistics aspect, which is a real and heavy deal in Russia.” Over the next three years, the Russian unit wants to become the top 3 player on the Russian PCB market. The goal is to surpass USD 10 million in sales. ICAPE Group itself achieved revenues of USD 140 million in 2018 and is aiming for 20% growth in 2019.

AIM Solder has opened a new full-line manufacturing facility in the Changxing district of...

Autoliv's total workforce declined by 1'208 in the 2nd quarter, mainly direct labor. The...

Continental has officially opened its new Powertrain plant in Wuhu, China. Representing an investment of almost EUR 28 million for land and building, phase I involves a total built area of more than 24,000 square meters, housing 22 production...

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.

Varroc Lighting Systems will be opening a factory on a leased 25,000 sqm. plot at the...

Kapsch TrafficCom has officially opened its newest facility in North America at the Metropolis...

Mycronic has signed a partnership with TransTechnology Pte Ltd...

Marvin Test Solutions has completed deliveries, three months ahead of schedule, in...

One of the significant questions facing the IC industry in the second half of 2019 is if and when the DRAM market will rebound.

The steadily growing volumes of sold product, as well as the global orientation of the...

DRAM/NAND prices will be affected - short term - by the Japan-South Korea trade tension...

Cogiscan Inc. has partnered with Saki Corporation to expand the latter’s manufacturing software...