Incap Corporation has signed a partnership agreement with Kenyan Thames Electricals Ltd. According to the agreement, Incap will design and manufacture inverters for the customer, with the first production sets being delivered in August. It is estimated that a total of 5,000 - 8,000 units will be delivered to the customer this year. Later on, the annual revenue from these products is estimated to amount to approximately one million euro. The product is designed by Incap and, in addition to Africa; it is also sold to customers in India under two other brands. For Incap, this agreement is a head start in marketing the company’s own products in the emerging markets. The company has grown its design team in India and will continue to strengthen its resources. Currently, a total of 25 designers are working in India, and the objective is to increase the size of the team to 35 designers by the end of the year. www.incap.fi |