Cencorp - Company Announcement

CENCORP´S STATUTORY NEGOTIATIONS ARE CLOSED

CENCORP CORPORATION STOCK EXCHANGE RELEASE June 4, 2014 at 14.00 FINNISH TIME

CENCORP´S STATUTORY NEGOTIATIONS ARE CLOSED

Cencorp´s statutory negotiations, started at May 16, 2014 are closed. As the
result of the negotiations personnel of Life Cycle Management segment (“LCM”)
and Laser and Automation Solutions segment (“LAS”) will be reduced by seven
employees. Furthermore, Cencorp´s spare parts operations and service will be
relocated to Cencorp´s Estonian based subsidiary by the end of 2014. Reductions
will be carried out by dismissals and retirement arrangements. 

By decided actions Cencorp will improve its profitability and
cost-effectiveness of the operations as well as to strengthen competitiveness
in its production automation segments. 

The personnel working within Cencorp's Clean Energy segment were excluded from
the statutory negotiations. 



In Mikkeli, June 4, 2014

CENCORP CORPORATION



For more information:

Iikka Savisalo
President and CEO
Cencorp Oyj

Tel. +358 40 521 6082,

Email: iikka.savisalo@cencorp.com



Distribution:
NASDAQ OMX, Helsinki
Main media
www.cencorp.com

Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment in the product portfolio include, automated applications of
odd-form assembly and  depaneling for the electronic boards, testing equipment
and advanced materials processing by laser. All Cencorp's offering improves the
efficiency of the customers' production. Cencorp has clean technology,
especially photovoltaic (PV) solutions as its other business segment. Cencorp
now offers its automated manufacturing technology of the PV modules,
manufactures and sells photovoltaic modules, based on Cencorp´s own technology
as well as key components of photovoltaic modules. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland.
The company is part of the Finnish Savcor Group.