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2009-01-02 14:00:00 CET 2009-01-02 14:00:02 CET REGULATED INFORMATION Larox Oyj - Company AnnouncementLarox Established a Subsidiary in RussiaLarox Corporation Company announcement 2.1.2009 at 3 pm Larox Established a Subsidiary in Russia Larox has achieved business license to start its subsidiary's operations in Russia. The new unit, named OOO Larox, will be located south of Moscow. OOO Larox will be in charge of the company's after-market services in Russia. It will include a local spare-parts stock and employ mainly customer support engineers. "Russia is an important market for Larox and the establishment of a subsidiary supports our growth strategy. Our aim is to better serve our current and future customers in Russia. Delivery times will shorten thanks to the local spare-parts stock. Better level of customer service will also strengthen our new equipment sales in Russia", says Mr. Juhana Ylikojola, Vice President, Service. For further information: Larox Corporation Topi Karppanen President & CEO Phone. +358 (0) 20 7687210 Fax +358 (0) 20 7687277 topi.karppanen@larox.com Internet www.larox.com DISTRIBUTION: Nasdaq OMX Helsinki Ltd., Central 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 460 employees. Larox Group is headquartered in Lappeenranta, Finland where the Group also has production facilities. Net sales in 2007 totaled 158.3 million euros, of which more than 95 % were generated by exports and the company's foreign operations. |
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