Lock-down extended - Incap ramps up its factories in India
June 08, 2021It was on May 10th that the EMS provider announced that it had temporarily closed down its factories in Tumkur until 24 May 2021. However, once May 24 came around the lock-down was extended until 7 June 2021 and Incap was given permission for partial operation of its factories. Now, the lock-down has been extended once again but Incap continues to ramp up.
Lock-down for Incap’s factories in India extended
May 25, 2021The Karnataka state government has extended the intensified measures and the lock-down until 7 June 2021. However, Incap has been granted a permission for partial operations to support the manufacturing of critical electronic equipment including applications for healthcare.
Incap temporarily closes its factories in India
May 10, 2021In an effort to curb the current situation related to the spread of the coronavirus, the government of Karnataka has announced stricter measures. As a result of this, Incap has temporarily closed down its factories in Tumkur, Karnataka until 24 May 2021.
Incap keeps investing in India - third factory on the horizon
May 06, 2021The EMS provider has made a decision to invest in a third factory in Tumkur, Karnataka in India. The construction is scheduled to start in the third quarter of 2021, and the opening of the new factory is currently planned to take place in the second quarter of 2022.
Incap with a strong start to 2021 - revenues increase by 55%
April 27, 2021EMS provider Incap is presenting a strong start to 2021. Not only did the company see its revenues soar by 55%, it's profit made a massive leap as well.
Incap increases its estimate for 2021
April 22, 2021The EMS provider says that it estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2021 will be "clearly higher" than that of 2020.
Incap produced electronics for NASA's lunar mission cameras
March 26, 2021Incap Corporation has produced the circuit boards for a set of stereo cameras that will be used in the Moon in connection with NASA's Artemis lunar program. The cameras have been developed by the Estonian company Crystalspace.
Incap appoints new MD to Incap Electronics Slovakia
March 04, 2021The EMS provider has promoted Miroslav Michalik to the position of Managing Director of Incap Slovakia. Miroslav Michalik has been employed by Incap Slovakia (previously AWS Slovakia) since 2018, working as a Plant Director at the company’s factory in Namestovo.
Incap nearly doubled its revenues in 4Q20
February 25, 2021The EMS provider reported 2020 forth quarter revenues of EUR 31.5 million, showing an increase of 94% from EUR 16.3 million during the same quarter 2019.
Incap raises its estimate for 2020
February 22, 2021The EMS provider is increasing its operating profit estimate for the full year of 2020.
Incap bounces back from tough second quarter
November 27, 2020Following a tough second quarter which was affected by the negative consequences of the COVID-19 pandemic, Incap’s business recovered during the third quarter.
Incap expects more out of 2020 than previously anticipated
November 12, 2020The Finnish EMS provider is updating its expectations on its full-year performance due to better visibility. The company says it is increasing its operating profit estimate for 2020.
Incap Estonia openes new production line in Kuressaare
November 10, 2020The EMS provider says it has launched a new SMT production line at its Kuressaare factory in Estonia. The line will enable Incap to change the production equipment according to the clients’ needs.
Incap expand capacity for the automotive industry
September 17, 2020The company expanded the production capacity of components for the automotive industry in Slovakia.
Incap further expands its production capacity in India
August 27, 2020Incap says it is expanding its production facility in Tumkur, India, by adding around 3,300 square metres on top of the ongoing expansion of 3,800 square metres that will be finalised early 2021.
Incap’s 2Q saw revenues go up, but profit down – CEO is satisfied
August 26, 2020The COVID-19 pandemic, and the related lockdowns, really made a dent in the EMS providers operations. However, by virtue of being a global manufacturer, some factories could still run continuously and pick up the slack.
Incap restarts production in India
May 25, 2020In a move to contain the COVID-19 pandemic, the government of India instructed all state governments to introduce a lockdown in March. As a consequence, Incap had to close its factory in Karnataka, India on 23 March.
AWS Electronics to wear the Incap name
May 22, 2020Following the acquisition of AWS Electronics Group by Incap Corporation in January 2020, the company's units in the UK and Slovakia will now be trading as Incap Electronics UK Ltd. and Incap Electronics Slovakia s.r.o.
Reduced operations at Incap’s factories negatively impacted the quarter
May 13, 2020The COVID-19 pandemic had a negative impact on Incap’s performance in the first quarter of 2020 while the AWS Electronics acquisition finalised in January 2020 supported the revenue growth.
Incap's plant in India to remain closed - UK factory operates with reduced capacityLoad more news
April 21, 2020Governments across the world have taken significant steps to contain the COVID-19 outbreak by restricting the movement of people. In India, the extension of the lockdown has been uncertain and currently it has been extended until 4 May 2020. Due to the lockdown, Incap’s factory closure in India continues until further notice.