Incap Temporarily Closes Down India Factories, Maintains 2021 Outlook
Article By : Incap Corp.
Incap has closed down temporarily its factories in Tumkur, Karnataka amid stricter government measures to contain the worsening coronavirus pandemic situation in India.
To contain the worsening coronavirus pandemic situation, the government of Karnataka has announced stricter measures. As a result, Incap Corp. has closed down temporarily its factories in Tumkur, Karnataka from May 10 until May 24, 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,” said Otto Pukk, President and CEO of Incap.
The closure of the factories does not have an impact on Incap’s outlook for 2021. The company estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2021 will be clearly higher than in 2020.
