Incap has made a decision to make an investment in a third factory in Tumkur, Karnataka. The construction project is planned to start in the third quarter of 2021, and the opening of the new factory is estimated to take place in the second quarter of 2022. Incap is currently expanding its existing two factories in India to respond to the demand from existing and new customers. The current expansion is estimated to be completed in the fourth quarter of 2021. After the ongoing expansion has been completed, the total area of the factory will be close to 16,000 sqm. The planned third factory will add another 8,500 sqm to Incap’s production capacity. The factory construction will be carried out in line with sustainable building principles paying special attention to efficient use of energy and other resources. The value of the investment is approximately EUR 4.2 million.