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2010-03-19 12:15:00 CET 2010-03-19 12:16:19 CET REGULATED INFORMATION Vacon - Company AnnouncementChina Customs doing audit at Vacon's China factoryVacon Plc, Stock exchange release, 19 March 2010 at 1.15 p.m.: China Customs has started an audit at Vacon's factory in Suzhou, related to the import customs clearance process Vacon has been following in China. On the account of this matter, two persons from Vacon's China company have been taken into custody by the authorities. Vacon is actively cooperating with China Customs during the audit. -Vacon complies in its global operations with national as well as international laws, rules and regulations, such being the case also in China. Vacon has, in consequence of this matter, started an internal audit of its own. As the audits are in progress, we cannot at the moment comment on this case any further, says Vacon's President and CEO Vesa Laisi. Vacon Plc Contact: * Vesa Laisi, President and CEO, Vacon Plc, tel. +358 40 8371 510 Vacon in brief: Vacon's operations are driven by a passion to develop, manufacture and sell the best AC drives in the world - and nothing else. AC drives are used to control electric motors and in renewable energy generation. Vacon has R&D and production units in Finland, the USA, China and Italy, and sales offices in 27 countries. In 2009 Vacon had revenues of EUR 272 million and globally employed ca 1,200 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange. Driven by Drives, www.vacon.com Distribution: Financial Supervisory Authority NASDAQ OMX Helsinki Media [HUG#1395645] |
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