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Vacon wins a major contract in the mining industry in Greece


WEBWIRE –

January 3, 2007 - The variable speed AC drives manufacturer Vacon has signed one of the company’s most significant contracts with its Greek partner Metka - Metal Constructions of Greece S.A. With this contract Vacon will extend its market area in Greece and further strengthen its position in the mining industry.

Vacon AC drives will be delivered to lignite mines at Kardia and Mavropigi in Western Macedonia, owned by the Public Power Corporation of Greece (PPC). Metka won the contract for the procurement, installation and testing of a total of 61 conveyor belt stations, which will be controlled by Vacon AC drives.

“The mining industry is an important area for us, and we are very pleased that such a major and first-rate system integrator as Metka has chosen us as their drives supplier. This is one of our most significant single contracts. We believe our cooperation will be strong and very rewarding. In future, we will further increase our investments and support in the mining segment,” says Mr Heikki Hiltunen, Executive Vice President, Products and Markets, Vacon.

“We consider that this significant project will be the starting point of a long-term collaboration with Vacon,” says Mr P. Gardelinos, General Manager, Projects of Metka.

The Public Power Corporation is a state-owned energy company which serves electricity and power for all of Greece.

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.

Vacon Group

Further information:

Mr Heikki Hiltunen, Executive Vice President, Products and Markets, Vacon Group, mobile +358 (0)40 8371 609

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