ASPOCOMP GROUP OYJ RELEASE March 1, 2006 at 3:00 PM
APPOINTMENTS IN ASPOCOMP’S PLANT CONSTRUCTION PROJECT IN INDIA
Effective March 1, 2006, Balachandran a/l Lakshmanan has been appointed as the
Project Manager and Petri Kangas as the CFO of Aspocomp Group Oyj’s plant project
Balachandran a/l Lakshmanan (50) has 15 years of experience in the start-up and
management of new plants in Asia as well as the development of quality, customer
service and productivity at numerous international companies such as Flextronics,
Sony and Matsushita.
Petri Kangas (39) has previously served in international management positions in
financial administration at both Finnish and foreign companies. His previous
employers include Fibox and many Nokia units. He has broad experience in
corporate financial management, growing companies and M&As.
On January 17, 2006, Aspocomp Group Oyj made a decision in principle to build the
country’s first high-tech PCB plant in Chennai, India. It will increase the
company’s ability to serve global customers cost-effectively and to grow with
them. The plant is expected to go into operation in the second half of 2007.
For further information, please contact CEO Maija-Liisa Friman,
tel. +358 9 7597 0711.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We are strongly
positioned as a supplier of mobile data terminal equipment components and aim to
further bolster our position as a supplier to the automotive industry and data
communications networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
Helsinki Stock Exchange