SOURCE: Incap Oyj

June 03, 2013 01:30 ET

Incap India Signs Manufacturing Agreement With Tokheim India

HELSINKI, FINLAND--(Marketwired - Jun 3, 2013) - Incap Contract Manufacturing Services Pvt Ltd (HEX: ICP1V) has signed a manufacturing agreement with Tokheim India Pvt Ltd to manufacture PCBAs for the electronic assemblies of fuel retailing equipment. The PCBAs are manufactured at Incap's factory at Tumkur, India and delivered to Tokheim factory in Mumbai.

Murthy Munipalli, Managing Director of Incap CMS Pvt Ltd said: "We are very happy to get associated with Tokheim, pioneers and global leader, catering to the needs of the fuel retailing business. We will be manufacturing different PCBAs for the equipment supplied by Tokheim to its wide market base and do foresee a strong growth potential in this association and look forward for the same in the years ahead."

Mr.Antoine Gin, Director Purchasing Tokheim said: "Tokheim is happy to reinforce its supply base in India, reinforcing its worldwide positioning on deliveries of quality and cost effective products for key markets."

More about Incap:
Incap Corporation is an internationally operating contract manufacturer, whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2012 amounted to approx. EUR 64.1 million and the company currently employs approx. 600 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional Information: www.incap.fi.

More about Tokheim:
Tokheim is one of the world's largest providers of fuel retailing solutions. This consists of four core elements: Dispensers, Systems & Payment, Service and Project Management. Tokheim has well-established customer portfolio covering more than 120 countries, including major oil companies, hyper/supermarkets and many independent fuel retailers. Tokheim is headquartered in Paris, Europe and having direct operations throughout Europe, Africa, Asia, Middle East and South America and Joint Venture in China. Additional Information: www.tokheim.com.

Contact Information

  • INCAP CORPORATION

    For further information, please contact:
    Mr Murthy Munipalli
    Managing Director of Incap CMS Pvt Ltd
    tel. +91 803 062 1100

    Mr Jari Koppelo
    Director, Energy Efficiency, Incap Group
    tel. +358 40 347 2092