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Vacon opens new factory in Suzhou, China


January 24, 2006, Vaconís factory in Suzhou, China, has moved to larger premises. The grand opening of the new factory will be celebrated on January 24. The inauguration will be attended by customers and partners from China and Asia as well as representatives of the Vacon Groupís management and personnel. The opening ceremonies will unite and reflect the elements of the Chinese and Finnish cultures as well as the Vacon brand.

Vacon has been operating in Beijing, China, since the year 2000. In 2004, Vacon founded a factory in Suzhou, and the first AC drives were manufactured in March 2005. Along with the growing market potential, the premises soon became inadequate. Larger premises with an area exceeding 5000 m2 were found in the neighboring building complex.

With the increasing production capacity at the Suzhou factory, Vacon will respond to the growing demand in Asia and the Far East. At the same time, Vacon invests in Finland by increasing the production area at the Vaasa factory. The extension will be complete in February 2006.

Presence on the worldís fastest growing market strengthens Vaconís position as a local supplier. The Suzhou factory also houses Vacon Competence Center which provides support, service, spare parts and units as well as training for customers in the Far East.

Managing Director of the Vacon China factory, officially called Vacon Suzhou Drives Co. Ltd., is Mr Jari Koskinen. He will also continue as Vice President, Production, Vacon Group, and as a member of the Management Team. At the moment, Vacon has more than 60 employees in China.

Suzhou is located at about one hourís drive northwest of Shanghai and only half an hour from the Shanghai International Circuit, the new Formula One race track. As one of the worldís fastest growing high-tech cities, Suzhou has attracted also several other Finnish companies. Suzhou has almost six million inhabitants and is a popular resort among Chinese tourists.

Vacon Group was founded in 1993 for one purpose only: to create, develop and provide AC drives worldwide. Ambitious to meet the most demanding needs of clients seeking top performance, easiness and reliability, Vacon offers AC drives in the power range of 0.25 kW...5 MW. In 2004, the Group revenues totalled EUR 128.6 million.


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