Incap Ramping Up Factories in India; Outlook for 2021 Remains Unchanged
June 8, 2021 | IncapEstimated reading time: 1 minute

Incap announced on 10 May 2021 that it had temporarily closed down its factories in Tumkur until 24 May 2021. On 24 May 2021, Incap announced that the lock-down had been extended until 7 June 2021 and that it had been granted a permission for partial operation of its factories. Currently, the lock-down in Karnataka has been extended until 14 June 2021. Incap’s factories in India have been operating with reduced capacity since 24 May 2021 and Incap continues to ramp up the production to be able to begin full operation on 14 June 2021.
“We are fully committed to support the local government in its actions to contain the virus and to protect the health and safety of our employees. In addition to following strict restrictions guaranteeing social distancing at our factories, we continue to organise vaccination drives in order to help our employees and their families get vaccinated. To support the local community, we have donated computers for the centre that is in charge of the monitoring and controlling the pandemic situation of the Tumkur area. As we are ramping up our production, we will continue to focus on limiting the effects that the current restrictions may have on our customer deliveries,” says Otto Pukk, President and CEO of Incap.
The closure and the partial operations of the factories in India do not have an impact on the company’s outlook for 2021 published on 21 April 2021. Incap’s previously announced outlook for 2021:
Incap estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2021 will be clearly higher than in 2020.
The increase in revenue and operating profit estimate is driven by the strong development at the Indian factories and the ramp-up of the factory expansion, that has proceeded faster than expected. Furthermore, the visibility related to the customers’ forecasts and the company’s own assessments of the business development has improved.
The estimates are given provided that there are no major negative changes in the coronavirus pandemic situation, currency exchange rates or in component availability and they are based both on Incap’s customers’ forecasts and the company’s own assessments of the business development.
Suggested Items
Real Time with... IPC APEX EXPO 2025: Axxon — Leading Innovations in Dispensing Technology
04/04/2025 | Real Time with...IPC APEX EXPOAxxon-Myronic showcases its four major divisions this year, highlighting their focus on dispensing technology and conformal coating for electronics. Jeff Leal, Director of Business Development and Strategy, explains how his company is expanding into North America, particularly in Mexico and Europe, backed by a strong customer service model.
Tata Electronics Appoints KC Ang as President and Head of Tata Semiconductor Manufacturing
04/03/2025 | PRNewswireTata Electronics Private Limited, a pioneer in the Indian electronics and semiconductor manufacturing sector, announced the appointment of KC Ang as President and Head of its Foundry business - Tata Semiconductor Manufacturing Private Limited reporting to Dr. Randhir Thakur, CEO & MD of Tata Electronics.
Statement from IPC on ‘Liberation Day’ Pressing for Domestic Manufacturing Strategy
04/03/2025 | IPCIPC, a global electronics association dedicated to furthering the competitive excellence and financial success of more than 3,200 members, shared the following statement today on U.S. tariffs and their implications on the global electronics industry. It can be attributed to Richard Cappetto, IPC senior director of North American government affairs:
My Top 10 Highlights from IPC APEX EXPO 2025
04/03/2025 | Chris Mitchell, IPC VP, Global Government RelationsEvery year, I am reminded what an exciting and fast-paced whirlwind IPC APEX EXPO is—the friends you run into, the new people you meet, the innovations you encounter, and the fascinating discussions you dive into. It’s certainly true that our industry is driven by searchers and problem-solvers, creating endless opportunities at APEX EXPO to connect, collaborate, and shape the future.
IPC Releases March 2025 Global Sentiment of the Electronics Manufacturing Supply Chain Report
04/02/2025 | IPCThis past March, electronics industry demand strengthened to its highest level in nearly a year, indicating strong expansion in customer and manufacturing activity according to IPC’s [IPC-Current-Sentimen-Global-EMSChain0525.pdf] March Sentiment of the Global Electronics Manufacturing Supply Chain Report.