Larox Oyj - Company Announcement

Larox to Establish a Subsidiary in India

LAROX CORPORATION   COMPANY ANNOUNCEMENT 1 September 2009 at 9.00 am            

Larox to Establish a Subsidiary in India                                        

Larox will establish a subsidiary in India with the aim of increasing the       
company's market share in the growing Indian market. The new subsidiary will be 
responsible both for Larox's aftermarket services and filter sales development. "We have been active in India already for over 20 years and have built a solid  
customer base with the help of our local representatives. Establishing our own  
subsidiary will help us develop our aftermarket services and deepen our customer
relationships. We will offer local service, in local language and currency.     
Thanks to the local spare parts stock and permanent staff we will be able to    
service our customers better and faster, and we will be able to offer faster    
and better support also to our local representatives in new equipment sales",   
says Mr. Karppanen, President & CEO of Larox Corporation, "For the filter       
sales, we will continue to work in close cooperation with our local agents as 
they have the best, in-depth knowledge of the Indian market potential.""India is a very important market for Larox, and strengthening our presence     
there is part of our growth strategy. The country has huge population, fast     
economic growth and major reserves of natural resources such as iron ore, coal  
and zinc. Many of our Indian customers are today among the global leaders in    
their business sector. With the growth of the Mining, Metallurgy and Chemical   
Process Industries, there is a constantly growing demand for filtration         
equipment and services. In addition, India faces major challenges in energy     
efficiency, and this drives demand for more efficient filtration technology     
that enables savings both in energy and water consumption”, Mr. Karppanen       
says. "Our aim is to increase our market share of this growing market, and also 
benefit from the local qualified engineering and manufacturing resources."

Larox's subsidiary in India will be located in Bangalore and it is expected to  
be fully operational during the 2nd quarter of 2010 at the latest.              
Larox Corporation                                                               


For further information:                                                        
Mr. 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 about 600 employees. Larox has production facilities in Finland and in      
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in    
2008 totaled 208.0 million euros, of which more than 93 % were generated by     
exports and the company's foreign operations.