Larox Oyj - Company Announcement

LAROX INTENDS TO TERMINATE FILTER ASSEMBLY OPERATIONS IN THE NETHERLANDS

LAROX INTENDS TO TERMINATE FILTER ASSEMBLY OPERATIONS IN THE NETHERLANDS        

Larox Group intends to terminate the filter assembly functions in its wholly    
owned subsidiary Larox B.V. in Utrecht, The Netherlands by the end of 2007.     

In future, Larox B.V. will buy the filter assembly earlier made in Utrecht from 
sub-contractor workshops specialized in manufacturing and assembly. This action 
aims at developing the profitability and competitiveness of the filters and     
improving the efficiency and flexibility of the Utrecht unit.                   

The re-organization is expected to reduce fixed labour by approximately 10      
persons. Personnel arrangements will be carried out through employment          
terminations, pension and other arrangements.                                   

This arrangement is estimated to cause a one-time cost of approx. 0.8 million   
euros, which will be realized during the current year. The aim of the           
arrangement and its estimated improvement in the Larox B.V.'s annual financial  
result will be approximately 0.4 million euros starting from the financial year 
2008.                                                                           

Larox B.V. has started negotiations with the personnel representatives. The     
result of the negotiations will be published when available.                    


Lappeenranta 27 June 2007                                                       


Larox Corporation                                                               

Toivo Matti Karppanen                                                           
President & CEO                                                                 


For further information please contact                                          
Toivo Matti Karppanen                                                           
+358 5 6688210                                                                  
topi.karppanen@larox.com                                                        



Distribution: Helsinki Stock Exchange, Main Media                               
www.larox.com                                                                   



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 440 employees. Larox Group is headquartered in Lappeenranta, Finland.      
Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net 
sales in 2006 totalled 122.8 million euros, of which more than 95 % were        
generated by exports and the company's foreign operations.