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Vacon has Established Regional Center in Singapore

Original Press Release

Vacon has Established Regional Center in Singapore

Press release date: November 12, 2012

Global AC drives manufacturer Vacon has established a regional center in Singapore. The new center started operations in August 2012. Vacon's regional center in Singapore ensures that Vacon's entire product portfolio and service network offering are available to customers in the region. The center is also in charge of effective sharing of best practices, know-how and the professional personnel that the company already has in the Middle East, India, South East Asia and Pacific region. This will open up new opportunities for Vacon to gain market share and increase volumes in this region with its huge population and great market potential. "As a major world trade node with a business-friendly economy, Singapore was a logical location for Vacon to establish a regional center. We are at the heart of the region which is one of Vacon's major growth areas," says Olli Tevä, Vacon's Vice President for Middle East, India, SEA, Pacific. "Singapore has also a rich supply of skilled and experienced workers, which will help us to continuously improve our customer service in the region. As many of Vacon's global customers have their regional offices in Singapore, it will help us in building seamless cooperation with them. This also reflects Vacon's values: keeping customers and partners at the heart of Vacon's operations," concludes Tevä. Further information: ·Heikki Hiltunen, Executive Vice President, Market Operations, Vacon Plc, phone +358 (0)40 8371 609, ·Sebastian Linko, Director, Corporate Communications and Investor Relations, Vacon Plc, phone +358 (0)40 8371 634, Vacon in brief: Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 27 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Driven by Drives,


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