Larox Oyj - Company Announcement

LAROX PREPARES OPERATIONAL ADJUSTMENTS AND STARTS EMPLOYEE NEGOTIATIONS

LAROX CORPORATION   COMPANY ANNOUNCEMENT   3 MARCH 2009 AT 2 PM                 


LAROX PREPARES OPERATIONAL ADJUSTMENTS AND STARTS EMPLOYEE NEGOTIATIONS         

The global financial crisis has weakened the demand for Larox's products. Both  
the order backlog in the year turn and the number of incoming orders during the 
beginning of 2009 have been on a low level. Outlook for the near future is      
uncertain.                                                                      

Larox Corporation starts operational adjustments due to financial and production
reasons and possible restructuring of operations. On 3 March 2009, according to 
mandatory employer-employee co-operation, the company issued an invitation to   
the representatives of the personnel to start negotiating on possible part-time 
arrangements, lay-offs, dismissals and related training, relocation and         
employment opportunities.                                                       

Measures to adjust operations and actions, which aim at improved efficiency and 
cost savings, will be started in all Larox Corporation's units and subsidiaries 
in Finland and abroad.                                                          


Larox Corporation                                                               


For further information:                                                        
Topi Karppanen                                                                  
President & CEO                                                                 


Phone. +358 (0) 20 7687210                                                      
Fax    +358 (0) 20 7687277                                                      
topi.karppanen@larox.com                                                        


www.larox.com                                                                   


Distribution NASDAQ OMX Helsinki Ltd., Central media                            



Larox develops, designs and manufactures industrial filters and is a leading    
technology company in its field. Larox is a full service solution provider in   
filtration for separating solids from liquids. It supplies comprehensive        
aftermarket services throughout the lifespan of the Larox solution. Companies   
world-wide in mining and metallurgy, chemical processing and related industries 
benefit from the Larox technologies. Larox operates in over 40 countries and has
over 590 employees. Larox Group is headquartered in Lappeenranta, Finland where 
the Group also has production facilities. Net sales in 2008 totaled 208 million 
euros, of which more than 93 % were generated by exports and the company's      
foreign operations.