Ingenico starts Russian production of terminals

Source: Ingenico

Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces the start of its production of payment terminals based on the Telium 2 platform in a Russian factory.

The decision has been made after an in-depth analysis of the Russian payment market in terms of volume potential and structure, combined with an economic study of the benefits of manufacturing in the Russian Federation.

The Ingenico terminals will be produced at the Jabil factory, located in the Tver Region, near Moscow. The factory is equipped with the latest modern and high-tech production lines, enabling the manufacture of up to 500,000 units from the Ingenico product range. The flexibility of the manufacturing architecture allows for quick adjustments according to current market requirements - both in quantitative terms, and in the range of configurations.

Pavel Aleksandrov, Managing Director of Ingenico Russia, stated: The beliefs in Russia, the Russian market and in its development have led to the decision to start production, preparation and manufacturing of POS-terminals in Russia, with a strong quality control. It also matches the overall Ingenico desire to be closer and accessible to its customers, showing them our efficiency and competence. "

Philip Kostemal, CEO of Jabil Russia/CIS, added: The support of the Russian government to foreign companies developing manufacturing employment has definitively helped the decision of the development of local production in Russia."

Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and aftermarket product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 29 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". 

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