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Defense Speak Interpreted: SWaPing Nanosatellites for Defense SystemsIncap to Close Down Temporarily its Factories in India, Outlook for 2021 Remains Unchanged
May 10, 2021 | IncapEstimated reading time: Less than a minute
To contain the worsening coronavirus pandemic situation, the government of Karnataka has announced stricter measures. As a result, Incap has closed down temporarily its factories in Tumkur, Karnataka from today 10 May until 24 May 2021.
“Incap is fully committed to support the local government in its actions to contain the virus and continues also the vaccination program for its employees. Our priority is to protect the health and safety of our employees and we will do our best to limit the impact this temporary closure may have on our customer deliveries”, says Otto Pukk, President and CEO of Incap.
The closure of the factories does not have an impact on its outlook for 2021 published on 21 April 2021. Incap estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2021 will be clearly higher than in 2020.
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