Vacon opens subsidiary in Chennai, India
January 23, 2007 - The Finland-based AC drives manufacturer Vacon strengthens its global presence by opening a subsidiary in Chennai on the southeast coast of India. The grand office opening will be celebrated on January 24, 2007 with invitees representing the company, customers and cooperation partners. With a subsidiary in one of India’s largest commercial and industrial centers, Vacon will further improve its service in the growing markets of the Asia-Pacific region.
“Local presence in India’s growing markets is essential for us, and many of our customers and cooperation partners find it necessary. India’s electricity consumption is one of the highest in the world, and therefore, the country offers a lot of market potential for us. We are eager to continue building the Vacon brand as well as our sales and distribution network, and to provide product support in a country where the benefits of AC drives are not yet very widely known,” says Mr Heikki Hiltunen, Executive Vice President, Vacon.
Vacon operates on its own or through partners in 100 countries. Taking more foothold in India follows closely Vacon’s strategy of increasing its global presence. “We plan to build a solid sales and distribution organization with a skilled product support in the fragmented and highly competitive Indian AC drives market. We have highly experienced local personnel, and Vacon is very committed to and focused on one single line of business. I’m convinced that we will do well in India,” says Mr Hiltunen.
Despite its large annual energy production, India is a net energy importer. Overall, India’s need for power is growing at a prodigious rate. Annual electricity generation and consumption have increased enormously in the past decade, and its projected rate of increase for electricity consumption is one of the highest in the world.
Vacon in brief:
Vacon Group was founded in 1993 for one purpose only: to create, develop and provide AC drives worldwide. The company’s ambition is to meet the most demanding needs of customers looking for the ultimate in performance, ease of use and reliability. Vacon offers AC drives in the power range of 0.25 kW...5 MW. In 2005, the Group revenues totalled EUR 149.9 million.
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