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Vacon United Kingdom

Vacon United Kingdom

Founded in 1993, Vacon has R&D and production units in Finland, the USA, China and Italy, and sales offices in 27 countries. As of 2011, Vacon had revenues of EUR 380.9 million and employed 1500 people globally. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange.

Vacon Drives UK Limited was formed on 1 June 1999 by four dedicated and driven people, three of whom were already working within the UK AC drives industry. They had over 50 years of combined experience in AC drives sales and engineering. Since those early days, the company and its business has continued to grow to the point where we are now one of the top AC drive suppliers with a strong global brand and a number of illustrious OEMs in our customer portfolio.

The Vacon brand and the company slogan ‘Driven by Drives’ influence everything Vacon does in the business. We believe that providing excellent customer support and care is essential to maintaining good customer relations: customers can use our 24/7 customer service line by calling the main Vacon Drives UK telephone number to speak with a technical support engineer.

Since its formation, Vacon Drives UK has been based at Hinckley, Leicestershire, a location which provides excellent logistical coverage to the UK and Ireland. Our premises hold extensive stock of new and service exchange units along with spare parts. There is also a fully equipped workshop onsite for repair and load testing of drives, as well as an application product display area and facilities for customer training and conferences.

Potential and existing customers are always more than welcome to visit, join in and feel the Vacon spirit that has enabled the company to grow to where we are today and which will continue to drive us forward into the future!


The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). If you wish to learn more about Vacon as an investment, Vacon's share or any other financial information, please visit Vacon's pages for investors in English or in Finnish.

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News

4/4/2014

Vacon Plc, Press Release, 4 April 2014 at 10.00 (EET) The global AC drives manufacturer Vacon strengthened its foothold and ability to provide local support for its customers in the Adriatic area by opening a representative office in Zagreb, the capital of Croatia. "I think this was a good time for ...

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3/10/2014

Vacon Plc, Press Release, 10 March 2014 at 10.00 (EET) The global AC drives manufacturer Vacon is the main sponsor of the European Challenge Tour golf event to be played at Kytäjä Golf, Hyvinkää, Finland on 14-17 August this year. The Vacon Open will be attended by many noted players and will offer ...

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1/16/2014

Vacon Plc, Press Release, 16 January 2014 at 08.00 (EET) The global AC drives manufacturer Vacon launches a new product range - VACON® NXP System Drive - during the company's Drives Conference in Dubai, UAE on 16 January 2014. The new product range of standardized AC drives offers customers cost-eff...

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1/15/2014

Vacon Plc, Press Release, 15 January 2014 at 23.30 (EET) President Barack Obama paid a visit to the Vacon Research and Development center in Research Triangle Park, NC today. The visit was part of the president's travel to North Carolina. The president's tour at Vacon was also accompanied by Ernest ...

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1/15/2014

Vacon Plc, Press Release, 15 January 2014 at 15.00 (EET) Global AC drives manufacturer Vacon estimates that its products helped save approximately 55 TWh of energy in 2013. Also, the amount of energy produced last year from renewable energy sources with Vacon's AC drives was approximately 22 TWh. Ab...

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1/15/2014

Vacon Plc, Press Release, 15 January 2014 at 14.30 (EET) President Barack Obama is scheduled to visit the Vacon Research and Development center in Research Triangle Park, NC on Wednesday, January 15. The visit is part of the president's travel to North Carolina where he will also speak at a local un...

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12/5/2013

Vacon Plc, Press Release, 5 December 2013 at 15.00 (EET) The global AC drives manufacturer Vacon will take its product offering to new heights with medium-voltage AC drives. In contrast to Vacon's current low-voltage products, medium-voltage AC drives typically operate on voltages of several kilovol...

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12/3/2013

Vacon Plc, Press Release, 3 December 2013 at 18.00 (EET) The global AC drives manufacturer Vacon expands its operations in Brazil and Latin America, and on account of this, Vacon's sales office in Brazil is moving to new premises in São Paulo. The inauguration of the premises took place yesterday, 2...

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10/24/2013

Vacon Plc, Press Release, 24 October 2013 at 14.00 (EET) Energy efficiency, cost of fuel and environmental aspects like noise and pollution levels are playing a key role for ship and port owners of the world. As approximately 90% of all world's commercial goods are delivered with ships today, the ef...

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10/14/2013

In the UK and Ireland, much interest and excitement was generated in the first half of September as the Vacon Truck roadshow made a 12-day tour of distributors and key customers.

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6/24/2013

Vacon Canada, Press Release, 24 June 2013 at 15.00 EET The global AC drives manufacturer Vacon continues to expand its operations in North America and has relocated to a larger facility near Toronto, in Stoney Creek Ontario, off of the QEW at 1100 South Service Road, Unit #116. The new facili...

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6/18/2013

Vacon Plc, Press Release, 18 June 2013 at 9.00 (EET)The global AC drives manufacturer Vacon announced today that it will serve as the official main sponsor of the Finnish tennis ace Jarkko Nieminen during the seasons of 2013 and 2014. This sponsorship agreement expands Vacon's commitment to support...

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6/12/2013

Vacon, Inc., Press Release, 12 June 2013 at 15:00 EET The global AC drives manufacturer Vacon continues to expand its operations in North America and has relocated to a larger facility in Milwaukee, WI at 310 W. Wisconsin Avenue. The new headquarter office and training facility is 12,481 sq. ft. an...

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6/12/2013

Vacon Plc, Press Release, 12 June 2013 at 9.00 (EET) The global AC drives manufacturer Vacon has supplied three VACON® 8000 SOLAR inverters of 1,000 kW to Aquiris, a Brussels wastewater treatment plant in Belgium. The roof-installed 3,000-kW solar energy plant is currently the largest solar park in...

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6/7/2013

Vacon, Inc., Press Release, 7 June 2013 at 15:00 EET The global AC drives manufacturer Vacon has hit a milestone and will begin fully manufacturing the VACON® 100 AC Drives in the Chambersburg, PA facility. Prior to this, the components of the VACON 100 AC Drives were manufactured at the parent fac...

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5/29/2013

Vacon Plc, Press Release, 29 May 2013 at 9.00 (EET) The global AC drives manufacturer Vacon continues as the official main sponsor of Alpine Ski Team Finland and Ski Sport Finland during the season of 2013-2014. This renewed sponsorship agreement continues the active and long-term cooperation the p...

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5/27/2013

Vacon Plc, Press Release, 27 May 2013 at 9 am (EET) Global AC drives manufacturer Vacon estimates that its products helped save approximately 50 TWh of energy in 2012. The energy savings helped reduce the carbon dioxide emissions considerably. Also, the amount of energy produced from renewable ener...

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5/23/2013

Vacon Plc, Press Release, 23 May 2013 at 9.00 (EET) Global AC drives manufacturer Vacon has begun the production of its inverters for solar power generation in the company's factory in India. The final assembly operations of solar inverters were commenced at Vacon's facilities in Bangalore during t...

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12/14/2012

Vacon Plc, Press Release, 14 December 2012 at 14.00 (EET) Frost & Sullivan, one of the world's most respected growth consultancy companies, has announced global AC drives manufacturer Vacon as the recipient of the European Low Voltage (LV) Alternating Current (AC) Electric Drives Product Line S...

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11/16/2012

Vacon Plc, Press Release, 16 November 2012 at 8.00 (EET) Global AC drive manufacturer Vacon rang the NASDAQ Stock Market Opening Bell in New York on Thursday, 15 November 2012. The visit to the NASDAQ Stock Market in New York and the Opening Bell Ceremony were part of Vacon's upcoming 20th annivers...

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11/15/2012

Vacon Plc, Press Release, 15 November 2012 at 14.00 (EET) Global AC drive manufacturer Vacon is announcing the new VACON® 100 FLOW, an AC drive specially optimized for pump and fan applications, at the electric automation fair SPS IPC DRIVES 2012 in Nuremberg, Germany on 27 November 2012. The new A...

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11/14/2012

Vacon Plc, Press Release, 14 November 2012 at 14.00 (EET) The global AC drives manufacturer Vacon continues to expand its operations in the Commonwealth of Independent States, CIS. Vacon has opened a new representative office in Almaty, in the southern part of Kazakhstan. The new office is responsi...

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11/12/2012

Vacon Plc, Press Release, 12 November 2012 at 8.00 (EET) Global AC drives manufacturer Vacon has established a regional center in Singapore. The new center started operations in August 2012. Vacon's regional center in Singapore ensures that Vacon's entire product portfolio and service network offer...

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10/24/2012

The Institute of Technology, Sligo has purchased no fewer than 50 of the latest Vacon 10 AC variable speed micro-drives, which are being used to provide students with the opportunity to gain practical experience in drive installation and programming.

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10/24/2012

Comparatively few specifiers or users of variable speed drives give serious consideration to liquid-cooled products yet, in appropriate applications, they offer many valuable benefits. Scott Blackwell of Vacon, a world leader in AC drive technology, explains.

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10/24/2012

More than 50 Vacon AC variable speed drives, with ratings from 1.1 kW to 355 kW, are helping to meet the requirements for accurate, dependable and efficient control of the pumps and compressors used in a new wastewater treatment plant at Kakolanmäki in Turku, Finland. The plant, which cost more than...

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10/24/2012

Designed specifically to withstand the harshest of industrial environments, Vacon’s new X-series AC variable speed drives combine ingress protection ratings up to IP66 with compact construction and outstanding versatility. Ease of use is assured by the simple yet powerful Vacon X range programming s...

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10/24/2012

Compact and competitively priced, the latest range of micro drives from Vacon, one of Europe’s foremost developers of AC drive technology, has been specifically developed to eliminate unnecessary complexity while retaining all of the features needed for standard industrial applications, including th...

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10/24/2012

Variable speed drives from Vacon, a world leader in the development and applications of AC drive technology, are playing a key role in the new Quantima centrifugal compressors from CompAir.  These revolutionary units yield energy savings of 25% or more compared with conventional designs, as wel...

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10/24/2012

Vacon, one of Europe’s foremost developers of AC drive technology, is touring the UK with its commodious and comprehensively equipped demonstration vehicle, giving existing and potential users of variable speed drives the opportunity to see the latest innovations in this dynamic field, on their own ...

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10/24/2012

The weather may have been dull, but that hampered neither the enthusiasm nor the performance of the participants at the annual golf day organised by Vacon, a world leader in AC drive technology, at Lutterworth Golf Club. A total of 30 competitors, among whom were Vacon technical partners, customers ...

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10/24/2012

Based on the new Vacon NXS frequency converter technology designed for demanding industrial applications, Multimaster PFC is specially suited for public sector applications such as water supply and water treatment plants, power stations and industrial processes.

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10/24/2012

Tasked with designing and supplying the control system for a complex pump test rig, System Control Solutions, a leading specialist in automation and variable speed drive applications, faced an interesting challenge.

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10/24/2012

Vacon, one of Europe’s largest suppliers of variable speed drives, has appointed Ralspeed, an acknowledged expert in drive applications and maintenance, as an Official Service Partner for Vacon products. In its new role, Ralspeed is offering a fast-response maintenance service for Vacon drives at cu...

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10/24/2012

An 800 kW drive from Vacon, a global leader in AC drive technology, is making the 70,000 tonne liquid natural gas transport ship LNG Abuja much easier to manoeuvre, particularly when it is in port. The drive, which was fitted and commissioned by marine power plant expert Wartsila Automation of Montr...

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10/24/2012

Vacon, a global leader in AC drive technology, has had its NXS range of compact AC drives approved for inclusion on the Energy Technology List by the Carbon Trust.

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10/24/2012

Glorious sunshine was enjoyed by all who took part in the golf day recently organised by Vacon, a global leader in manufacturing of AC drives, at Lutterworth Golf Club. 

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10/24/2012

Users in Ireland of all variable speed drive products, will now enjoy convenient local access to sales, service and support of Vacon, a global leader in the development and manufacture of AC drives, following the appointment of ESC Electric System & Controls of Newbridge, County Kildare, as the ...

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10/24/2012

To further enhance the availability of local service and support for its products in the UK and Ireland, Vacon, a global leader in the manufacture of AC drives, has appointed City Rewinds & Drives Limited of Leicester as the latest member of its fast growing network of technical partners.

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10/24/2012

To provide its customers with expert local support, wherever they are located in the UK and Ireland, Vacon, a global leader in the development and manufacture of AC drives, has appointed seven Drives Technical Partners. All of the companies selected for membership of the partner programme have prove...

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10/24/2012

Vacon, a global leader in manufacturing of AC drives, is further strengthening its customer support in the UK and Ireland by building a new network of specialist technical partners. This means that users of the company’s variable speed drive products now have convenient local access to service and s...

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10/24/2012

Energy costs for the operation of a 90kW rotary compressor installed at Albion Automotive, one of the UK’s prominent automotive tier 1 suppliers, have fallen by £14,000 per year after compressor experts, Glaston Compressor Services, fitted a Vacon NXS variable speed drive controller.

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10/24/2012

When Conveyor Units, the UK’s largest manufacturer of roller and belt conveyors, needed a compact drive panel for use with its innovative new range of Uni-Flex flexible roller conveyors, drive expert Vacon was able to supply a complete and cost-effective solution.

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10/24/2012

Vacon and PPT Drive Systems have joined forces to offer energy efficient solutions based on variable speed AC drives. The partnership offers free site surveys, energy saving calculations and complete solutions to tackle climate change.

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8/16/2012

Vacon Plc, Press Release, 16 August 2012 at 14.00 (EET) Global AC drives manufacturer Vacon today unveiled a plan for opening a new Solar Competence Center in Barcelona, Spain in 1 September 2012. The Center will complement and support Vacon's Solar product portfolio and will serve to benefit custo...

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8/3/2012

Vacon Plc, Press Release, 3 August 2012 at 11.00 (EET) The global AC drives manufacturer Vacon will deliver altogether 81 AC drives for 3 new fishing trawlers, owned by the international seafood company Aker Seafoods, headquartered in Norway. The new fishing vessels will be built at the STX shipyar...

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6/13/2012

Vacon Plc, Press Release, 13 June 2012 at 14.00 (EET) Global AC drive manufacturer Vacon strengthens its position as an industry leader in the AC drives market with the announcement of three new products at the Vacon Drives Conference: VACON® 100, VACON® 100 X and VACON® 20 X. All three new product...

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6/11/2012

Vacon Plc, Press Release, 11 June 2012 at 9 am (EET) Global AC drives manufacturer Vacon announced today its new fine-tuned values. The renewed values are a result of a one-year-long internal process in all Vacon companies, and they take into consideration the changing business environment. Vacon's...

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6/8/2012

Vacon Plc, Press Release, 8 June 2012 at 3 pm (EET) Global AC manufacturer Vacon estimates that its products helped save approximately 44 TWh of energy in 2011. The energy savings helped reduce the carbon dioxide emissions considerably. Also, the amount of energy produced from renewable energy sour...

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3/6/2012

Vacon Plc, Press release, 6 March 2012 at 2 pm (EET) The global AC drive manufacturer Vacon announces the renewal of its entire Vacon NXP premium product range. The update involves improvements to both the air-cooled and liquid-cooled units in the complete power range from 0.55 kW to 5,300 kW. The ...

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3/2/2012

Vacon Plc, Press Release, 2 March 2012 at 10 am (EET) Global AC drives manufacturer Vacon expands its factory operations in India. A new factory has recently been taken into use in Bangalore. The factory occupies a total area of 2,500 square meters. Vacon's subsidiary in India was established in 20...

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2/28/2012

Vacon Plc, Press Release, 28 February 2012 at 1 pm (EET) The global AC drives manufacturer Vacon has appointed Tomas Duba the Managing Director for the company's sales offices in the Czech Republic and Slovakia. "During the past few years, Vacon has expanded its operations in the Czech Republic and...

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2/14/2012

Vacon Plc, Press Release, 14 February 2012 at 2 pm (EET) The global AC drives manufacturer Vacon Plc and European Batteries Oy, a Finland-based lithium-ion-iron-phosphate (LFP) battery systems manufacturer, have agreed on cooperation in the field of technology that combines the use of battery syste...

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2/1/2012

Vacon Plc, Press Release, 1 February 2012 at 2 pm (EET) As a result of the cooperation between Vacon Plc and CEI (China National Electric Apparatus Institute Co), CEI has received the Golden Sun Certificate approved by the China National Quality Certification Center (CQC) for their 200 kW solar inv...

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12/9/2011

Vacon Plc, Press Release, 9 December 2011 at 5 pm (EET)

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12/2/2011

Vacon Plc, Press release, 2 December 2011 at 1 pm (EET) Global AC drives manufacturer Vacon has delivered a dispatch of variable-speed AC drives with a total power of 58 megawatts for Indian-based AnRak Aluminium Ltd. The AC drives were delivered to a new aluminium refinery which is being built nea...

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11/15/2011

Vacon Plc, Press release, 15 November 2011 at 3.30 pm EET Global AC drive manufacturer Vacon and global computer security provider F-Secure teamed up on computer security research in industrial automation applications a year ago. Now the companies are ready to publish their findings in the form of ...

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11/14/2011

Vacon Plc, Press release, 14 November 2011 at 2 pm AC drive manufacturer Vacon will announce a new product family of compact AC drives at the electric automation fair SPS/IPC/DRIVES 2011 in Nuremberg, Germany on 22 November 2011. Optimized for the needs of original equipment manufacturers, the new ...

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11/3/2011

Vacon Plc, Press release, 3 November 2011 at 1 pm AC drives manufacturer Vacon will deliver liquid-cooled AC drives with a total power of 2.7 MW for active heave-compensated winches onboard a Norwegian-built IMR ship. The delivery will take place in March 2012. Vacon and Norwegian winch manufacture...

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10/21/2011

Vacon Plc, Press Release, 21 October 2011 at 3 pm Vacon has completed the move of its factory operations to new premises near Merano, northern Italy. The new factory provides space for a significant growth in the future. Vacon's old factory building in Italy was located in Naturns. Vacon's new fact...

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9/20/2011

Vacon will establish an R&D center and lab for high-power AC drives in the Raleigh-Durham area, North Carolina, USA. Vacon, a global AC drives manufacturer, has been developing energy-saving green technology for almost 20 years. The company's product portfolio includes AC drives for controlling ...

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9/2/2011

Vacon Latin America, Press Release, 2 September 2011 Vacon Latin America is expanding operations in Brazil by opening another sales office in Lauro de Freitas in the state of Bahia in September 2011. The new sales office will focus on supporting existing customers, finding new customers and distribu...

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8/31/2011

Vacon Plc, Press Release, 31 August, 2011 at 12.00. Electricity grids worldwide are not designed to work well with renewable energy sources and this has in part curbed the proliferation of wind and solar power production. Fluctuations in output power are characteristic to the production of renewabl...

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7/13/2011

Vacon Plc, Press Release, 13 July 2011 at 9.30 amThe global AC drives manufacturer Vacon has signed a three-year supply agreement with Virginia, USA based Bristol Compressors International Inc. The supply agreement between Vacon and Bristol Compressors covers design and manufacture of AC drives that...

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5/11/2011

Vacon Plc, Press Release, 11 May 2011 at 11.00 amThe global AC drives manufacturer Vacon inaugurated their new factory in Suzhou on 11 May 2011. Present at the inauguration ceremony were Consul General of Finland in Shanghai Mr Matti Heimonen, Vice Chairman of Suzhou Industrial Park Administrative C...

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2/23/2011

Vacon Plc, Press Release, 23 February 2011 at 3 pm The AC drives of globally operating Vacon helped save an estimated 35 TWh of energy in 2010. The energy savings helped reduce the carbon dioxide emissions by about 17 million tons, which, for its part, help mitigate climate change. About 35 TWh of e...

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2/2/2011

In this stock exchange release Vacon is publishing information that has a significant impact on securities included in the financial statements. The full financial statements are in the appendix to this release and can be downloaded from the company's website in English at www.vacon.com and in Finn...

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12/14/2010

Vacon, Inc., Press release, 14 December 2010 at 1 pm: Vacon, Inc., a global manufacturer of AC drives, announced Douglas K. Backman has joined Vacon as the Managing Director for Canada reporting directly to Tom Doring, President Vacon, Inc. and Vacon Canada. "With our current success and expected g...

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11/23/2010

Vacon Plc, Press Release, 23 November 2010 at 1.30pm: Global AC drive manufacturer Vacon and global computer security provider F-Secure have decided to team up on computer security research in industrial automation applications. The idea on close cooperation between the two companies came after the...

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11/17/2010

Vacon Plc, Press Release, 17 November 2010 at 10.15 pm:There has been public discussion about the Stuxnet computer malware and its impact on the operation of Vacon AC drives. This is why Vacon wants to clarify the situation. Vacon has been investigating the matter and, according to its present know...

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11/10/2010

Vacon Plc, Press release, 10 November 2010 at 10.00 am: The global AC drives manufacturer Vacon and international glass technology company Glaston have signed an agreement on Vacon AC drive deliveries for Glaston's glass tempering machines worldwide. The contract extends to the end of the year 2012...

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11/8/2010

Vacon Plc, Press release, 8 November 2010 at 10.00 am: Global AC drive manufacturer Vacon will introduce a new product family of Vacon 100 Motor Mountable AC drives at the electric automation fair SPS/IPC/DRIVES 2010 in Nuremberg, Germany on 23 November 2010. Designed for extremely harsh environmen...

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10/20/2010

Vacon Plc, Press release, 20 October 2010 at 10.00 amIn September, the AC drive manufacturer Vacon signed the voluntary Energy Efficiency Agreement of Finland's Ministry of Employment and the Economy. The company strives for an energy saving of 20% in its Vaasa factory operations by the year 2016."W...

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9/30/2010

Vacon Group, Press release, 30 September 2010 at 10 am Vacon, Inc., USA, announced today that their new factory in Chambersburg, PA has been awarded LEED® Gold Certification as established by the U.S. Green Building Council and verified by the Green Building Certification Institute (GBCI). LEED is ...

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9/21/2010

The global AC drives manufacturer Vacon is strengthening its foothold in the solar energy business by receiving new significant orders, especially in Europe. In Czech Republic, Vacon has received orders for installations of over 100 megawatts in total, and in Italy for several megawatts. "Vacon's b...

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9/21/2010

Vacon Plc, Press release, 21 September 2010 at 10.00 am: The global AC drives manufacturer Vacon is strengthening its foothold in the solar energy business by receiving new significant orders, especially in Europe. In Czech Republic, Vacon has received orders for installations of over 100 megawatts...

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9/8/2010

Vacon Plc, Press release, 8 September 2010Kalle Palander, Finland's most successful alpine skier of all time, has decided to pursue his career. Palander's training season has gone well, and he feels he is ready for the new FIS Alpine World Cup season.- My leg has recovered well from the injuries, an...

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6/16/2010

Vacon Plc, Press Release, 16 June 2010 at 10 amThe AC drives manufacturer Vacon continues as the official main sponsor of Alpine Ski Team Finland during the seasons of 2010-2011 and 2011-2012. This renewed sponsorship agreement continues the active cooperation the parties started in 2006. "Alpine sk...

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5/17/2010

Vacon Plc, Press Release, 17 May 2010 at 11.00 amPertti Rajamäki has been appointed Managing Director of Vacon Suzhou Drives and begins in his new position as of 1 September 2010. Currently, and also after his appointment, Rajamäki acts as Regional General Manager of Vacon's sales in the Asia-Pacifi...

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4/20/2010

Vacon Plc, Press Release, 20 April 2010, at 2.00 p.m.:

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9/25/2008

The Finland-based AC drives manufacturer Vacon has signed a distributor agreement with Elo Serviços Indústria e Comercio de Equipamentos Eletroeletrônicos Ltda (ELO), one of the largest AC drives distributors in Brazil. Rapidly growing business opportunities in Brazil and South America, especially ...

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9/11/2008

The global AC drives manufacturer Vacon has appointed Thomas M. Doring as Executive Vice President for Sales, Marketing and Service of Vacon, Inc., USA. Mr. Doring will join Vacon on 1 October 2008 after being almost 20 years with Eaton Corporation, a diversified power management company, headquart...

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9/2/2008

The Finland-based AC drives manufacturer Vacon has appointed Sebastian Linko (M.Sc.) as new Director, Corporate Communications as of 1 September 2008. Linko is responsible for Vacon Group's communications strategy and its implementation, including external and internal communications, media relatio...

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8/21/2008

The Finland-based AC drives manufacturer Vacon is the official main sponsor of the Finnish Alpine Ski Team during the seasons of 2008-2009 and 2009-2010. The parties started their cooperation already in 2006, and this new main sponsor agreement will increase Vacon's visibility in its most significa...

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8/13/2008

Vacon Plc has received information to the effect that Ameriprise Financial, Inc. and its group's shareholding in Vacon Plc has fallen below the threshold of 5% of the company's shares and voting rights. The combined direct and indirect shareholding of Ameriprise Financial and its group remains at 7...

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8/7/2008

April-June summary: Order intake totalled MEUR 83.3, growth of 38.8 % from the corresponding period in the previous year (MEUR 60.0). Revenues totalled MEUR 78.0, increase of 30.4 % (MEUR 59.8). Operating profit was MEUR 10.4, growth of 35.1 % (MEUR 7.7). Cash flow from operations was MEUR 5.8 (MEU...

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7/31/2008

Vacon will publish its Interim Report for the period of 1 January - 30 June 2008 on Thursday, 7 August, 2008 at 9.00 a.m. Finnish time. A briefing for the financial analysts and media will be held on the same day in Helsinki, Radisson SAS Plaza Hotel, Mikonkatu 23, at 11:30 a.m. Finnish time (9:30 ...

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6/10/2008

The Finland-based AC drives manufacturer Vacon introduces the new Vacon X product line. These easy-to-use AC drives are designed for harsh environments, enduring dirt, dust, humidity and liquids. The Vacon X series is targeted at the food and beverage industry, material handling, and water and wast...

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5/28/2008

The Finland-based AC drives manufacturer Vacon has signed a global cooperation agreement with Voith Paper Automation, one of the seven Voith Paper divisions, which supplies comprehensive automation solutions for the paper industry. Headquartered in Germany, Voith Paper Automation has chosen Vacon a...

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5/26/2008

The Finland-based AC drives manufacturer Vacon has signed a global supply agreement with Veolia Water Solutions & Technologies (VWS), the world leader in water treatment, headquartered in France. VWS has chosen Vacon as their preferred AC drives supplier. "The world's decreasing supply of clean...

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5/20/2008

The Finland-based AC drives manufacturer Vacon is establishing a firmer foothold in Central Europe by setting up a new subsidiary in the Czech Republic. The official opening of the office, located in Prague, will be celebrated on May 20. The inaugural speech will be given by Hannu Kyröläinen, Finla...

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5/14/2008

The Finland-based AC drives manufacturer Vacon will have a topping-out party today at its expanded premises at the Vaasa factory. The factory premises will be enlarged by a total of 9,000 square metres. In addition to global growth, Vacon is also investing in production and is recruiting more perso...

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5/13/2008

AC drive manufacturer Vacon has set ambitious targets for growth by 2012. The company's goal is to have revenues of EUR 500 million and operating profit of more than 14 per cent of revenues in 2012. Vacon is holding a Capital Markets Day today, 13 May, when the company's management will give more d...

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4/24/2008

January-March summary: Order intake totalled MEUR 78.2, growth of 39.4 % from the corresponding period in the previous year (MEUR 56.1). Revenues totalled MEUR 65.9, growth of 26.0 % (MEUR 52.3). Operating profit was MEUR 7.6, increase of 20.6 % (MEUR 6.3). Cash flow from operations was MEUR 4.6 (M...

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4/18/2008

Vacon will publish its Interim Report for the period of 1 January - 31 March 2008 on Thursday, 24 April, 2008 at 9.00 a.m. Finnish time. A briefing for the financial analysts and media will be held on the same day in Helsinki, Sokos Hotel Vaakuna, meeting room Vaakuna, Kaivokatu 3, at 11:30 a.m. Fi...

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4/10/2008

ZAO Vacon Drives, the subsidiary of the Finland-based AC drives manufacturer Vacon, has moved to new and larger premises in central Moscow, Russia. With its extremely rapid market growth and rising energy price, Russia is an attractive AC drives market for Vacon. "Demand for energy-saving solutions...

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4/8/2008

Date: 8.4.2008Exchange transaction: Gratuitous transfer according to the share bonus scheme of Vacon PlcShare class: VAC1VAmount: 19,500 sharesThe shares held by Vacon Plc on 8.4.2008: 43,312 shares. Vacon Plc Further information: CFO Mika Leppänen, phone +358 40 8371 235, e-mail: mika.leppanen@vac...

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4/7/2008

The Finland-based AC drives manufacturer Vacon will adopt Fujitsu's Patja IT services. Fujitsu Services Oy will assume overall responsibility for the usability, support services and development of all IT and operative applications used globally in the Vacon Group. The Patja services cover 1,100 wor...

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3/27/2008

Vacon's Board of Directors has confirmed that the bonus in the share bonus scheme for 2007 is 65% of the maximum amount. The Board decided to assign 19,500 of the company shares held by the company without consideration to the recipients of the bonus as the share portion of the total bonus. In acco...

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3/26/2008

Vacon Plc's Annual General Meeting of Shareholders was held on 26 March 2008 in Vaasa. The Annual General Meeting of Shareholders approved the company's financial statement for the fiscal year 2007 and discharged the members of the Board of Directors and the Managing Director from liability for the...

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3/12/2008

Vacon has today published its Annual Report 2007 in Finnish and English. The report is available as flash paper version as well as PDF files on the company web site at www.vacon.com. You can order the printed version of the report from the company's website under Investors > Order Annual Report ...

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2/29/2008

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 3 p.m. on Wednesday 26 March 2008. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1. The...

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2/28/2008

The Finland-based AC drives manufacturer Vacon introduces a new, modern and fresh logo. The change is small but significant. The new Vacon logo is easily readable and harmonious with the company slogan 'Driven by Drives'. In short, the Vacon logo communicates the company's passionate attitude, expe...

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2/19/2008

The Board of Directors of Vacon Plc has approved a new share-based incentive plan for the Vacon Group key personnel. The Plan includes three earning periods which are calendar years 2008, 2009 and 2010. The potential reward from the Plan for the earning period 2008 will be based on the development ...

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2/7/2008

Vacon increases market share in strong market October-December summary: Order intake totalled MEUR 62.7, growth of 11.8 % from the corresponding period in the previous year (MEUR 56.1). Revenues totalled MEUR 61.4, increase of 20.4 % (MEUR 51.0). Operating profit was MEUR 7.5, growth of 25.0 % (MEU...

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2/4/2008

Vacon Plc's 2007 Financial Statement will be published on Thursday, 7 February, 2008 at 9.00 a.m. Finnish time. A briefing for the financial analysts and media will be held on the same day in Helsinki, Radisson SAS PlazaHotel, meeting room Vivaldi, Mikonkatu 23, at 11:30 a.m. Finnish time. Please i...

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1/30/2008

The Finland-based AC drives manufacturer Vacon and Sail Training Association Finland (STAF) have signed a long-term cooperation agreement. Vacon will be STAF's main cooperation partner until the end of 2010. Vacon will e.g. participate in STAF's Sails for Environment project. "Sailing teaches many ...

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1/3/2008

Vacon has now completed the acquisition of TB Wood's AC drives business, initially announced on December 19, 2007. The acquired business will be incorporated into Vacon's consolidated financial statements as from the beginning of January 2008. The acquisition is not expected to have a material impa...

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12/20/2007

Vacon Plc will publish its Financial Report for 2007 on Thursday, February 7, 2008 at 9.00 a.m. and the Annual Report during week 11. The following three Interim Reports will be released in 2008: January-March Thursday, April 24 at 9.00 am January-June Thursday, August 7 at 9.00 am January-Septembe...

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12/20/2007

The Finland-based AC drives manufacturer Vacon will establish a new subsidiary in the USA. The subsidiary, to be called Vacon, Inc., will be responsible for all Vacon operations in the US region and will integrate TB Wood's AC drives business into the Vacon Group. Mr Dan Isaksson has been appointed...

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12/19/2007

Finland-based AC drives manufacturer Vacon is to acquire the AC drives business of TB Wood's, which is part of US-based Altra Holdings Inc. After the acquisition, Vacon will have sales on all continents, and R&D and production on three continents. The transaction includes two factories in the U...

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11/27/2007

Frost & Sullivan, one of the world's most esteemed growth consulting companies, has named Vacon 10, Vacon's new micro drive, the 2008 Product of the Year for OEMs (original equipment manufacturers) in the micro drives domain. The Frost & Sullivan Award for Product of the Year is presented e...

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11/21/2007

The AC drives manufacturer Vacon has signed a contract worth nearly two million euros with Finland-based Talvivaara Project Ltd. Vacon will deliver more than 300 AC drives with the total power of approximately 37 MW to Talvivaara's nickel mine under construction in Sotkamo in the Kainuu region, Fin...

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11/6/2007

The Finland-based AC drives manufacturer Vacon has received a type approval for marine use from the Norwegian certification body Det Norske Veritas (DNV). Earlier, Vacon received a type approval from the French certification body Bureau Veritas (BV). These approvals apply to Vacon's NXL, NXS and NX...

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11/2/2007

The AC drives manufacturer Vacon has inaugurated its office in São Paulo, Brazil to support its customers in Brazil and South America. With growing energy consumption, Brazil and South America in general is a lucrative market for energy-saving Vacon AC drives. Among the invited guests at the inaugu...

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10/25/2007

July-September summary: Order intake totalled MEUR 58.4, growth of 22.7 % from the corresponding period in the previous year (MEUR 47.6). Revenues totalled MEUR 58.7, growth of 23.3 % (MEUR 47.6). Operating profit was MEUR 7.8, an increase of 34.5 % (MEUR 5.8). Cash flow from operations was MEUR 7....

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10/11/2007

This is a supplement to the stock exchange release published today at 1 p.m. regarding Vacon's contract with The Switch. The value of the contract is a few million euros. This contract strengthens Vacon's foothold in the fast-growing wind power market. Vacon in brief: The Vacon Group was founded in...

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10/11/2007

The AC drives manufacturer Vacon has made a significant contract with The Switch, a Finland-based manufacturer of permanent magnet generators and power converter packages that are used in wind turbines. This contract strengthens Vacon's foothold in the fast-growing wind power market. "The wind powe...

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9/18/2007

AC drive manufacturer Vacon Plc is expanding its factory in Vaasa over the next two years. It plans to build a total of 12,000 square metres of new office and production space. The company is also currently recruiting several dozen people in Vaasa this year. The details are being published at Vacon...

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9/18/2007

AC drive manufacturer Vacon Plc is expanding its factory in Vaasa over the next two years. It plans to build a total of 12,000 square metres of new office and production space. The company is also currently recruiting several dozen people in Vaasa this year. The details are being published at Vacon...

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9/13/2007

The AC drives manufacturer Vacon opens a new high-power service center in Gorinchem, the Netherlands, on September 13. Focussing on secured availability of high-power swap units and fast service, the new service center in Gorinchem will enhance Vacon's customer support in Europe. Among the invited ...

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9/3/2007

To respond to the boom in the mining and minerals segments, the Finland-based AC drives manufacturer Vacon is further expanding its offering in this field. Vacon will present its products and services at Aimex, Asia-Pacific's International Mining Exhibition, in Sydney, Australia, on 4-7 September. ...

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8/2/2007

High energy prices boost AC drive sales April-June summary: Order intake totalled MEUR 60.0, growth of 21.2 % from the corresponding period in the previous year (MEUR 49.5). Revenues totalled MEUR 59.8, growth of 32.9 % (MEUR 45.0). Operating profit was MEUR 7.7, an increase of 35.1 % (MEUR 5.7). C...

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7/25/2007

Vacon will publish its Interim Report for the period of 1 January - 30 June 2007 on Thursday, 2 August, 2007 at 10.00 a.m. Finnish time (09.00 CET). A briefing for the financial analysts and media will be held on 2 August 2007 in Helsinki, Hotel Scandic Marski, meeting room Neptun, Mannerheimintie ...

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6/14/2007

The AC drives manufacturer Vacon introduces one of the smallest drive families in the market today, the new Vacon 10. Tailored to meet various customer needs, it offers features such as integrated EMC filters, intelligent navigation and a versatile application interface. The first micro drive is de...

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6/12/2007

The Finland-based AC drives manufacturer Vacon will show the world's widest range of low-voltage liquid-cooled AC drives at the NorShipping Exhibition 2007 in Oslo, Norway on June 12-15. Also Vacon DriveSynch, a new fully redundant control concept for parallelling high-power Vacon NXP drives, will ...

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6/5/2007

The Finland-based AC drives manufacturer Vacon will present its complete product portfolio at the PulPaper exhibition in Helsinki on 5-7 June, 2007. Vacon air- and liquid-cooled AC drives and common DC bus components are suited for the various needs of the pulp and paper segment. One of the advance...

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6/4/2007

The Finland-based AC drives manufacturer Vacon and WWF Finland have decided to start cooperation to decrease the impacts of climate change. The partners will promote WWF's valuable work of protecting the environment and of increasing the public awareness of energy-savings and other benefits that Va...

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4/26/2007

Vacon will hold a telephone conference for financial analysts and investors (in English), today April 26, at 3:00 p.m. (EEST). Conference call participants are requested to call in a few minutes prior to the start of teleconference in +44 (0) 207 162 0025 (code Vacon). Link to the meeting: http://w...

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4/25/2007

Vacon's growth continues January-March summary: Order intake totalled MEUR 56.1, growth of 27.2 % from the corresponding period in the previous year (MEUR 44.1). Revenues totalled MEUR 52.3, growth of 22.2 % (MEUR 42.8). Operating profit was MEUR 6.3, an increase of 12.5 % (MEUR 5.6). Cash flow fro...

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4/20/2007

Publishing of Vacon Plc's Interim Report for January - March 2007 Vacon Plc's Interim report January-March 2007 will be published on Thursday, 26 April, 2007 at 10:00 a.m. (EEST). Vacon will hold a briefing for analysts and the media on 26 April 2007 at 11.30 am in the Talisman meeting room at the ...

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4/16/2007

Date: 12.4.2007 Exchange transaction: Gratuitous transfer according to the share bonus scheme of Vacon Plc Share class: VAC1V Amount: 18,760 shares The shares held by Vacon Plc on 12.4.2007: 62 812 shares. Vacon Plc Further information: CFO Mika Leppänen, phone +358 40 8371 235, e-mail: mika.leppan...

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3/28/2007

Vacon Plc's Annual General Meeting of Shareholders was held on 28 March 2007 in Vaasa. The Annual General Meeting of Shareholders approved the company's financial statement for the fiscal year 2006 and discharged the members of the Board of Directors and the Managing Director from liability for the...

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3/16/2007

Vacon has today published its Annual Report 2006 in Finnish, Swedish and English. The report is available as PDF files on the company web site at www.vacon.com. You can order the printed version of the report from the company's website under Investors > Order Annual Report. The printed reports w...

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3/14/2007

The Finland-based AC drives manufacturer Vacon strengthens its global presence by opening a subsidiary in Australia. The grand opening will take place on March 15 in Melbourne, and the inaugural speech will be given by Mr Glen Lindholm, Finland's Ambassador to Australia. With the head office in Mel...

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3/9/2007

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 3 p.m. on Wednesday 28 March 2007. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1. The...

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2/26/2007

The Finland-based variable speed AC drives manufacturer Vacon has signed a contract through its Brazilian partner Vorax Acionamentos e Automação Ltda. With AC drives to be delivered to Usina José Bonifácio, a sugar manufacturing company in São Paulo, Brazil, Vacon will extend its market coverage in...

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2/12/2007

The Finland-based AC drives manufacturer Vacon has signed a distributor agreement with Ruselprom, one of the biggest motor manufacturing companies in Russia. Vacon will supply drives to Ruselprom in the power range from 200 kW up to 2 MW. With its extremely rapid market growth and rising energy pri...

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2/8/2007

Vacon's orders increased strongly in final quarter of 2006 October-December summary: Order intake totalled MEUR 56.1 million, growth of 29.9 % from the corresponding period in the previous year (MEUR 43.2). Revenues totalled MEUR 51.0, increase of 13.3 % (MEUR 45.0). Operating profit was MEUR 6.0, ...

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2/5/2007

Vacon Plc's 2006 Financial Statement will be published on Thursday, 8 February, 2007 at 10:00 a.m. Finnish time. A briefing for the financial analysts and media will be held on the same day in Helsinki, Restaurant Palace Gourmet, Eteläranta 10, at 11:30 a.m. Finnish time. Please inform IR Johanna K...

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1/23/2007

The Finland-based AC drives manufacturer Vacon strengthens its global presence by opening a subsidiary in Chennai on the southeast coast of India. The grand office opening will be celebrated on January 24, 2007 with invitees representing the company, customers and cooperation partners. With a subsi...

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1/3/2007

The variable speed AC drives manufacturer Vacon has signed one of the company's most significant contracts with its Greek partner Metka - Metal Constructions of Greece S.A. With this contract Vacon will extend its market area in Greece and further strengthen its position in the mining industry. Vac...

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12/15/2006

The AC drives manufacturer Vacon has entered into agreement with Arab Potash Company (APC), a chemical company headquartered in Amman, for the supply of high power AC drives to APC's plant in Jordan. The contract worth more than one million euros further strengthens Vacon's presence in the Middle E...

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11/28/2006

Converteam, an international company developing systems and customized solutions for the conversion of electrical energy, and the AC drives manufacturer Vacon have entered into a global cooperation agreement. Under the terms of the agreement, Vacon will supply low voltage air-cooled AC drives to Co...

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11/24/2006

Vacon Plc will publish its Financial Report for 2006 on Thursday, February 8, 2007 and the Annual Report during week 11. The following three Interim Reports will be released in 2007: January - March, Thursday, April 26 at 10.00 am January - June, Thursday, August 2 at 10.00 am January - September, ...

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10/26/2006

Vacon's profitable growth continues July-September summary: Order intake totalled MEUR 47.6, growth of 28.0 % from the corresponding period in the previous year (MEUR 37.2). Revenues totalled MEUR 47.6, growth of 28.3 % (MEUR 37.1). Operating profit was MEUR 5.8, growth of 13.7 % (MEUR 5.1). Cash f...

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10/20/2006

Invitation to a briefing and teleconference Vacon Plc's Interim Report January-September 2006 will be published on Thursday, 26 October, 2006 at 10:00 a.m. Finnish time, EET (9:00 a.m. CET). A briefing for the financial analysts and media will be held on the same day in Helsinki, Hotel Kämp, Pohjoi...

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10/11/2006

Finland-based Vacon takes more foothold in South-East Asia by starting operations in Bangkok, Thailand. The Bangkok office will offer service, sales support and training primarily for Vacon's distributors and customers in South-East Asia. The grand opening will take place on October 11, and the ina...

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10/4/2006

The AC drives manufacturer Vacon and Finnish men's, women's and junior alpine ski teams have signed a cooperation agreement for the season 2006-2007. Vacon will be the official sponsor of the Finnish Alpine Ski Team and the official main sponsor of the Finnish Junior Alpine Ski Team and young ladie...

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9/26/2006

Sea trial of the first of five coast guard vessels to be delivered for the Norwegian Coast Guard has recently been completed successfully. Designed by Skipsteknisk AS, the ST-610 vessels incorporate a diesel-electric system delivered by Scandinavian Electric Systems AS, Norway. Diesel-electric syst...

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9/21/2006

Vacon continues its strategy of profitable growth Vacon Plc is holding a Capital Market Day for investors, analysts and media representatives today 21 September 2006 starting at 11.00 am in Vaasa. Vacon is continuing its strategy of profitable growth. Its goal is to grow at an annual rate of 15-20 ...

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8/31/2006

The AC drives manufacturer Vacon has developed an ATEX-certified thermistor input which is fully integrated in the drive. Certified and compliant with ATEX 94/9/EC, the integrated thermistor input is specially designed for the temperature supervision of motors that are placed in potentially hazardo...

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8/29/2006

Frost & Sullivan, one of the world's most esteemed growth consulting companies, has named AC drives manufacturer Vacon the recipient of their 2006 Global Excellence Award in Customer Value Leadership within the low voltage drives. The accolade recognises Vacon's strong attitude and ability to b...

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8/3/2006

Vacon's strong growth continues April-June summary: Order intake totalled MEUR 49.5, growth of 18.7 % from the corresponding period in the previous year (MEUR 41.7). Revenues totalled MEUR 45.0, growth of 19.4 % (MEUR 37.7). Operating profit was MEUR 5.7, growth of 21.3 % (MEUR 4.7). Cash flow from...

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7/27/2006

Vacon will publish its Interim Report for the period of 1 January - 30 June 2006 on Thursday, 3 August, 2006 at 10.00 a.m. Finnish time (09.00 CET). The report will be available at the Vacon's website www.investors.vacon.com after publishing. A briefing for the financial analysts and media will be ...

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6/26/2006

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International Limited and its direct and indirect subsidiaries in Vacon Plc has increased 5% of the paid up share capital and the ...

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6/22/2006

Vacon Plc will hold a Capital Markets Day in Vaasa, Finland on September 21, 2006. The agenda of the CMD and other details will be announced later in the invitation. VACON PLCInvestor relations Johanna Koskinen, Investor relationsTel. +358 (0)40 8371 528, e-mail: johanna.koskinen@vacon.com Distribu...

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6/9/2006

The AC drives manufacturer Vacon has extended its facilities in Vaasa, Finland. The inauguration will be celebrated on June 9, 2006 starting at 1 p.m. with a party organized for the personnel. The extension parts have been in use since February. Consequently, Vacon has employed about twenty new per...

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6/8/2006

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Threadneedle Asset Management Holdings Limited has informed us that the holding of shares by Threadneedle Asset Management Holdings Limited in Vacon Plc has increased 5% of the paid up share capital and the voting ri...

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5/24/2006

The AC drive manufacturer Vacon launches a new compact, yet efficient Vacon NXL. Everything is integrated; especially the IP54 units are the most compact AC drives on the market. The standard unit fulfils the EMC requirements of industrial, public and residential environments. It can be installed o...

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4/26/2006

Strong start for Vacon in 2006 January-March summary: Order intake totalled MEUR 44.1, growth of 27.5 % from the corresponding period in the previous year (MEUR 34.6). Revenues totalled MEUR 42.8, growth of 42.2 % (MEUR 30.1). Operating profit was MEUR 5.6, growth of 124.0 % (MEUR 2.5). Cash flow f...

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4/21/2006

Date: 21.4.2006 Exchange transaction Gratuitous transfer according to the share bonus scheme of Vacon Plc Share class VAC1V Amount 13 688 shares The shares held by Vacon Plc on 21.4.2006: 81 572 shares. VACON PCL Further information: CFO Mika Leppänen, phone +358 40 8371 235, e-mail: mika.leppanen@...

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4/5/2006

Vacon Plc's Annual General Meeting of Shareholders was held on 6 April 2006 in Vaasa. Vacon Plc's Annual General Meeting of Shareholders approved the company's income statement and the balance sheet for the fiscal year 2005. The Annual General Meeting of Shareholders discharged the Board Members fr...

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4/5/2006

Vacon has recently signed several major contracts with its Norwegian partner Scandinavian Electric Systems AS (SES) on the supply of AC drives with a total power of about 150 MW. SES, a leading supplier of electric system solutions and products to the international marine market, will provide elect...

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3/22/2006

Vacon Plc's Annual report and Financial Statements 2005 are available as PDF files in Finnish, Swedish and English from the company's website at www.investors.vacon.com. A printed copy can be ordered by email from investor@vacon.com. VACON PLC Johanna Koskinen, IR Vacon Group was founded in 1993 fo...

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3/14/2006

Trend Control Systems, one of Europe's leading Building Management System manufacturers in the worldwide HVAC (Heating, Ventilation and Air-Conditioning) market, has sold more than 10,000 pcs of Vacon NX drives to the building automation segment. The Vacon NX range of AC drives is fast becoming the...

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3/10/2006

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 3 p.m. on Thursday 6 April 2006. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1. The m...

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2/9/2006

AC drives manufacturer Vacon will make organizational changes to further enhance its customer service. With these changes, Vacon will improve the implementation of its strategy, customer-oriented approach, decision-making process and cooperation between various functions. In practice, this means me...

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2/9/2006

Vacon ended 2005 with a strong quarter October-December summary: Order intake totalled MEUR 43.2, growth of 32.1 % from the corresponding period in the previous year (MEUR 32.7). Revenues totalled MEUR 45.0, growth of 26.8 % (MEUR 35.5). Operating profit was MEUR 5.8, growth of 18.4 % (MEUR 4.9). C...

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2/6/2006

Vacon will publish its 2005 Financial Statement on Thursday, 9 February, 2006 at 10.00 am Finnish time (07.00 GMT). The report will be available at the Vacon's website www.vacon.com after publishing. A briefing for the financial analysts and media will be held on 9 February 2006 in Helsinki, Restau...

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1/24/2006

Vacon's factory in Suzhou, China, has moved to larger premises. The grand opening of the new factory will be celebrated on January 24. The inauguration will be attended by customers and partners from China and Asia as well as representatives of the Vacon Group's management and personnel. The openin...

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12/22/2005

Vacon Plc will publish its Financial Report for 2005 on Thursday, February 9, 2006 and the annual report during week 12. The following three Interim Reports will be released in 2006: - January - March, Thursday, April 27 at 10.00 am - January - June, Thursday, August 3 at 10.00 am - January - Septe...

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12/13/2005

Vacon will deliver five step-down step-up AC drive solutions to the water supply system of Yaroslavl, a city of more than 600,000 inhabitants in central Russia. Vacon's step-down step-up solution enables the use of the existing 6 kV medium-voltage motor with a low-voltage AC drive. This delivery is...

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11/22/2005

AC drives manufacturer Vacon will extend its product offering in the high-end powers from 3 MW to 5 MW. The power range extension complements Vacon's product offering in the low voltage area and is part of the Group's main value discipline, product leadership. Vacon offers AC drive solutions from 0...

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11/11/2005

Moscow United Energy Company has placed an order of 180 Vacon AC drives in the power range of 3.30 kW. The Vacon NXL and Vacon NXS drives will control pumps of the district heating system in Moscow, Russia. The scope of delivery will also include one large step-down step-up drive solution for a 800...

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11/1/2005

In close cooperation with its Dutch partner Imtech Marine & Offshore, Vacon will supply the Sapura 3000 project with seven 2400 kW liquid-cooled Vacon NX drives. Sapura 3000 is a heavy-lift crane and pipe-laying vessel presently under construction at Sembawang Shipyard Pte. Ltd. in Singapore. T...

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10/27/2005

Vacon continued to grow profitably during third quarter July-September summary: Order intake totalled MEUR 37.2, increase of 18.8 % on corresponding period in previous year (MEUR 31.3). Vacon had revenues of MEUR 37.1, growth of 12.8 % (MEUR 32.9). Operating profit was MEUR 5.1, increase of 10.9 % ...

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10/21/2005

Vacon will publish its Interim Report for the period of 1 January - 30 September 2005 on Thursday, 27 October 2005 at 10.00 am Finnish time (07.00 GMT). The report will be available at the Vacon's website www.vacon.com after publishing. A briefing for the financial analysts and media will be held o...

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9/7/2005

A leading global supplier of automation solutions has chosen Vacon as the sole supplier of AC drives for all of their business units. The agreement also covers joint development actions guaranteeing that customer expectations can be met even better in the future. One of the partner's major business...

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9/5/2005

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International Limited and its direct and indirect subsidiaries in Vacon Plc have fallen 5% of the share capital and the voting rig...

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8/11/2005

Vacon Plc and Korea-based Hyundai Heavy Industries Co., Ltd. (HHI) have entered into a distributor and brand label agreement. Under this long-term agreement, Hyundai Heavy Industries Co., Ltd. will sell and market Vacon AC drives under its own brand through its own marketing channels. "With this ag...

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8/4/2005

VACON CONTINUES TO GROW STRONGLY April-June summary: Order intake totalled MEUR 41.7, increase of 18.5 % on the previous year (MEUR 35.2). Vacon had revenues of MEUR 37.7, growth of 18.2 % (MEUR 31.9). Operating profit was MEUR 4.7, increase of 30.6 % (MEUR 3.6). Cash flow from operations was MEUR ...

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7/29/2005

Vacon will publish its Interim Report for the period 1.1.-30.6.2005 on Thursday, 4 August, 2005 at 10.00 am Finnish time. The report will be available on the company website at www.investors.vacon.com after publishing. A briefing for the financial analysts and media and will be held on 4 August 200...

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6/21/2005

The AC drive manufacturer Vacon launches a new high-performance Vacon NXP to the market. Available up to 3 MW in voltages from 230 V to 690 V, the new drive is intended for demanding automation, motion control and machine building applications, incorporating the latest trends in functionality and o...

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6/13/2005

An extension to the Vacon NX range, Vacon introduces a comprehensive range of products for common DC bus systems, consisting of independent input and output modules. The Vacon NX products for common DC bus system cover three different types of front-end units, inverter units and brake chopper units...

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6/7/2005

The liquid-cooled Vacon NXP drives, launched at the Nor-Shipping 2003 exhibition in the wide power range of 7.5 to 3000 kW, now incorporate a number of new enhancements. The new features include higher coolant temperatures, better cooling heatsink performance, higher switching frequencies up to 16 ...

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6/7/2005

Vacon Plc offers a new type of AC drive with an active front-end (active input bridge) technology that dramatically reduces the harmonic content in the power supply. Vacon is the world's first supplier to offer a complete series of regenerative AC drives ranging from 2.2 kW to 3000 kW in the voltag...

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5/31/2005

Hundreds of AC drives produced by one of Europe's leading manufacturers, Vacon Plc, will control the pumps and fans for the heating, ventilation and air conditioning plant that forms the core of the environmental management system for Britain's major new airport complex, Terminal 5, scheduled to op...

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4/28/2005

Growth in Vacon's orders received and revenues January-March summary: Order intake totalled MEUR 34.6, increase of 18.9 % on the previous year (MEUR 29.1). Vacon had revenues of MEUR 30.1, growth of 6.4 % (MEUR 28.3). Operating profit was MEUR 2.5, decline of 13.8 % (MEUR 2.9). Cash flow from opera...

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4/28/2005

In close cooperation with its Indian partner Hi-Rel Electronics Pvt Ltd, Vacon will deliver 270 AC drives to Reliance Industries Ltd (RIL), the largest polyester yarn and polyester staple fibre manufacturer in India with a dominant market position. To further increase the manufacturing capacity of ...

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4/21/2005

Vacon will publish its Interim Report for the period 1.1.-31.3.2005 on Thursday, 28 April, 2005 at 10.00 am Finnish time. The report will be available on the company website at www.investors.vacon.com after publishing. A meeting for the investors and media and will be held on 28 April 2005 in Helsi...

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4/18/2005

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International Limited and its direct and indirect subsidiaries in Vacon Plc has increased 5% of the paid up share capital and the ...

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3/30/2005

Vacon Plc's Annual General Meeting of Shareholders was held on 30 March 2005 in Vaasa. Vacon Plc's Annual General Meeting of Shareholders approved the company's income statement and the balance sheet for the fiscal year 2004. The Annual General Meeting of Shareholders discharged the Board Members f...

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3/29/2005

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International Limited and its direct and indirect subsidiaries in Vacon Plc have fallen below 5% of the share capital and the voti...

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3/11/2005

Vacon Plc's printed annual report 2004 has been published in Finnish, Swedish and English. All language versions can be also downloaded as PDF files from the company's website at www.vacon.com A printed copy of the Annual Report can be ordered by sending an email to investor@vacon.com VACON PLCJoha...

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3/9/2005

Vacon is starting to use international financial reporting standards (IFRS) in its financial reporting from 1 January 2005. This release contains comparable financial statement figures for 2004 in accordance with IFRS standards. The release also details the main areas in Vacon?s financial statement...

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3/6/2005

Finland-based Vacon Oyj opens a regional office in Dubai, UAE, during this spring. The company strengthens presence in one of its most important and fastest growing market areas. "With a regional office of our own, we can further improve our service and support to our customers, distributors and se...

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3/4/2005

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 3 p.m. on Wednesday 30 March 2005. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1. The...

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2/17/2005

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International Limited and its direct and indirect subsidiaries in Vacon Plc have fallen below 10% of the share capital and the vot...

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2/10/2005

Vacon ended 2004 with a strong quarter October-December summary: Revenues totalled MEUR 35.5, growth of 33.5 % (MEUR 26.6 in 2003). Operating profit was MEUR 4.1, growth of 41.4 % (MEUR 2.9). Operating profit as a percentage of revenues was 11.5 (10.9). Cash flow from operations was MEUR 8.0, growt...

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2/3/2005

Vacon will publish its 2004 Financial Statement on Thursday, 10 February, 2005 at 10.00 am Finnish time. The Financial Statement will be available on the company website at www.investors.vacon.com after publishing. A meeting for the media and analysts will be held on 10 February 2005 in Helsinki, W...

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12/20/2004

Vacon Plc's Board of Directors decided to start a share repurchase programme based on the authorisation given by the Annual General Meeting on 25 March 2004. The maximum number of shares to be purchased is 200.000 and the shares will be purchased through public trading. The repurchases will start o...

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12/1/2004

On Wednesday afternoon, Vacon organized a fire rehearsal in cooperation with Ostrobotnia Fire Brigade. In a fake situation, a fire started in the production facilities at the Vaasa factory. Two persons were slightly injured, other two persons were injured more seriously. As a result of the fire, no...

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11/12/2004

Vacon Plc will publish its Financial Report for 2004 on Thursday, February 10, 2005 and the Annual Report 2004 during week 10. The following three Interim Reports will be released in 2005:- January - March, Thursday, April 28 at 10.00 am- January - June, Thursday, August at 10.00 am- January - Sept...

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10/28/2004

Vacon sees result grow strongly Summary Third Quarter: Order intake was MEUR 31.3, growth of 15.5 % (MEUR 27.1 in 2003). Revenues during the period were MEUR 32.9, growth of 12.7 % (MEUR 29.2). Operating profit (EBIT) was MEUR 4.4, growth of 29.4 % (MEUR 3.4). Cash flow from operations was MEUR 3.4...

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10/21/2004

Vacon publishes its Q3 Interim Report on October 28, 2004 at 10.00 am Finnish time. The company will hold a press conference for analysts and media at 11.30 am Finnish time in World Trade Center, Helsinki, Finland (cabinet 6&9) and a conference call starting at 15.00 Finnish time. The conferenc...

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10/6/2004

To serve the building automation customers even better than before, Vacon will introduce its Building Automation concept in a seminar the company organizes on October 6 in Bangkok, Thailand. The same seminar will be organized for the European partners on October 27 in Vienna, Austria. Targeted on t...

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9/30/2004

The total number of shares subscribed under the Vacon Plc Stock Option Plan 2002 DI and DII by 15 September 2004 amounts to 145,000 of the company's shares. As a result of the conversion of the options the company's share capital has increased with EUR 29,000. The increase of the share capital has ...

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9/28/2004

In close cooperation with the Norwegian system integrator, Offshore & Marine ASA, Vacon will deliver four liquid-cooled 2.5-MW AC drives to an accommodation support unit with a capacity for 400 persons, to be stationed in the Gulf of Mexico. Vacon AC drives will control four azimuth thrusters t...

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9/3/2004

At its meeting on 2 September 2004, the Board of Directors of Vacon Plc decided that the Board would not propose calling an extraordinary meeting of shareholders in order to pay an extra dividend. The Board states that the Annual General Meeting on 25 March 2004 has already approved the Board's pro...

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8/20/2004

Hockey-Team Vaasan Sport Oy and Vacon Plc have signed a cooperation agreement for the seasons 2004-2005 and 2005-2006. This cooperation agreement will help developing Vaasan Sport to reach the Finnish Ice Hockey League and to offer Vacon new ideas for organizing customer events and personnel traini...

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8/12/2004

The stock options DI and DII related to the year 2002 stock option arrangement for Vacon Plc key staff will be subject to public trading on the Helsinki Stock Exchange main list as of August 16, 2004. The total number of stock options DI and DII is 145,000. Each stock option entitles the holder of ...

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8/6/2004

Vacon Plc has applied for the listing of year 2002 stock options DI and DII on the Helsinki Stock Exchange main list in such a manner that the listing would start August 16, 2004. The total number of stock options DI and DII is 145,000. Each stock option entitles the holder of the stock option to s...

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8/5/2004

Vacon reports increased order intake, revenues and profit Summary Second Quarter: Order intake was MEUR 35.2, growth of 24.4 % (MEUR 28.3 in 2003) Revenues during the period were MEUR 31.9, growth of 10 % (MEUR 29.0) Operating profit (EBIT) was MEUR 3.5, growth of 29.6 % (MEUR 2.7) Cash flow from o...

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8/5/2004

Vacon Plc has signed a major contract for the supply of AC drives to the new Terminal 5 under construction at London's Heathrow Airport. AC drives in the power range of 0.75 - 400 kW will control heating, ventilation and air conditioning plant for the new terminal. The deliveries will start immedia...

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8/4/2004

Vacon's biggest partner Eaton Corporation (NYSE:ETN) has announced a supplier agreement with Johnson Controls (NYSE:JCI) to offer Variable Speed AC Drive technologies, systems and services to the HVAC and pumping industries. The combination of Johnson Controls expertise in building automation and E...

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7/29/2004

Vacon will announce its Interim Report for the period 1.1. ? 30.6.2004 on Thursday, 5 August 2004 at 10.00 am Finnish time. The same day there will be an information conference for analysts and media. The conference will be organized at 11.30 am Finnish time in Helsinki, World Trade Center, at the ...

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6/15/2004

Arctic Windpower Project, a Finland-based electrical consortium of Rotatek Finland Ltd, Verteco Ltd and Vaasa Engineering Ltd, will supply electrical systems for the Norwegian ScanWind AS for their 3 MW wind turbines. Encouraged by the excellent productivity shown by a demonstration system at the H...

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6/7/2004

Vacon Plc, Press Release, June 7, 2004. Finnish company Vacon Plc has been named recipient of Frost & Sullivan's 2004 Industry/ICE (Instrumentation & Controls and Engineering) Company of the Year Award. The accolade recognises Vacon's unparalleled excellence in the global electric drives ma...

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5/31/2004

Vacon Plc, Press Release, May, 31 2004 Vacon invests heavily in developing segment-specific services and solutions. As a continuation of the Water Solutions and Marine Solutions service concepts, Vacon will launch the Pulp & Paper Solutions service concept targeted on the pulp and paper industr...

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5/28/2004

Vacon Plc and Metso Paper Oy have signed a contract for the supply of Vacon drives to the needs of paper machine reproduction, modernisation and service. The contract covers Vacon NX drives and their accessories. "With this contract we can complement our component range, especially regarding progra...

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5/26/2004

Vacon and Vaasa Engineering have signed a five-year system integrator agreement. According to this agreement, Vaasa Engineering uses Vacon's products and services in frequency converter applications used in their projects. The Vacon products used by Vaasa Engineering will be sold under Vacon name a...

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5/21/2004

Helsinki Energy has chosen Vacon AC drives for their district cooling plant at the Salmisaari power plant site. Vacon will deliver 40 liquid-cooled Vacon NX drives with the total power of 3 MW to the plant. District cooling means centralized production and distribution of cooling energy. It can rep...

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5/17/2004

Vacon is expanding its service cooperation with YIT by outsourcing its AC drives service in Vaasa and Tampere to YIT Service. Vacon Plc enhances its customer service operations by further focusing on developing its services and global customer service network, AC drives technical support, training,...

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4/29/2004

Vacon's order intake in first quarter highest in company's history Summary First Quarter 2004 Order intake was MEUR 29.1, growth of 10 % (MEUR 26.5) Revenues during the period were MEUR 28.3, growth of 3 % (MEUR 27.5) Operating profit (EBIT) was MEUR 2.7 (MEUR 2.8), decline of 4 % Cash flow from op...

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4/23/2004

Vacon will announce its Interim Report for the period 1.1. ? 31.3.2004 on Thursday, 29 April 2004 at 10.00 am Finnish time. The same day there will be an information conference for analysts and media. The conference will be organized at 11.30 am Finnish time in Helsinki, World Trade Center, at the ...

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4/15/2004

Agreement brings together complementary technologies to improve performance of variable speed drives Vacon Plc and Rockwell Automation, a leading industrial automation and drives supplier, have signed a cooperative design, development and supply agreement in high-power and high-performance variable...

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4/13/2004

As of 1 April 2004, the frequency converter manufacturer Vacon Plc has increased its number of permanent employees by 20 people. The employment contract of these 20 employees, previously made for definite duration, has now been made for indefinite duration. "After a rather long recession, the prosp...

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3/25/2004

Vacon Plc's Annual General Meeting of Shareholders was held on 25 March 2004 in Vaasa. Vacon Plc's Annual General Meeting approved the company's income statement and the balance sheet for the fiscal year 2003. The Annual General Meeting discharged the Board Members from liability for the fiscal per...

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3/9/2004

Vacon Plc's Annual Report 2003 has been published in Finnish, Swedish and English. The Annual Report is available in PDF-format at the company's investor site: www.investors.vacon.com. A printed copy of the Annual Report can be ordered by email at investor@vacon.com. VACON PLC Further information: ...

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3/3/2004

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 15.00 on Thursday 25 March 2004. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1. The m...

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2/12/2004

Vacon achieved financial goals for 2003 During the final quarter Vacon's profitability improved and the cash flow from operations reach a record high level October-December summary: Revenues totalled MEUR 26.6, growth of 1% (MEUR 26.4 in 2002) Operating profit was MEUR 2.9 (MEUR 2.8), growth of 4% ...

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2/5/2004

Vacon will publish its 2003 Financial Statement on Thursday, 12 February, 2004 at 10.00 am Finnish time. The Financial Statement will be available on the company website at www.investors.vacon.com after publishing. A meeting for the press and analysts will be held on 12 February 2004 in Helsinki, W...

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2/5/2004

Vacon Plc has signed a significant contract for the supply of more than 250 AC drives to UPM-Kymmene's new fine paper machine to be built at its Changshu mill in China. The new paper machine is scheduled to start-up during the summer of 2005. Vacon Plc will deliver this project in cooperation with ...

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12/16/2003

Ms Tuula Hautamäki (M.Sc. (Eng.), M.Sc. (Econ.)) has been appointed as Vice President, Human Resources as of January 1, 2004. She will be responsible for Vacon Group's personnel administration and competence management. She will also be responsible for IT and Process Development and for developing ...

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11/28/2003

Vacon Plc will publish its Financial Report for 2003 on Thursday, February 12, 2004 and the Annual Report 2003 during week 11. The following three Interim Reports will be released in 2004: January - March, Thursday, April 29 at 10.00 am January - June, Thursday, August 5 at 10.00 am January - Septe...

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11/13/2003

On November 9, ten years have elapsed since the signing of the founding charter of the Vacon Group. Vacon specialises in the development, manufacture and worldwide marketing of Vacon frequency converters. Vacon will celebrate its tenth anniversary with a Jubilee seminar organised at the University ...

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10/24/2003

Vacon Plc has signed a memorandum of understanding with Scanfil Plc on production of the Vacon NXL low-power (under 3 kW) frequency converters in Suzhou, China, during the first year-quarter of 2004. The signed contract aims for a long-term cooperation in production and development of Vacon's logis...

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10/14/2003

Vacon Drives UK Ltd have recently secured a framework agreement with the German motor manufacturer Schorch to supply variable speed drives for their prestigious contract with BSF Global (a Becthel, Sinopec, Foster Wheeler consortium) who are designing and engineering the CSPC Nanhai Petrochemical c...

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9/9/2003

Vacon Plc and Schneider Toshiba Inverter SAS, the company owned jointly by Schneider Electric and Toshiba Corporation, have just signed a commercial partnership agreement. The aim is to strengthen and extend a relationship based on cooperation, which started almost ten years ago. Schneider Toshiba ...

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9/9/2003

The power range of the Vacon NX air cooled frequency converter series is now available up to 800 kW. The new range of converters is built into the new compact free-standing Vacon NXdrive enclosure solution. Both the Vacon NX frequency converter and the Vacon NXdrive enclosure solutions will be on d...

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8/27/2003

Vacon develops its logistics process by outsourcing part of the operations to DHL Solutions (Danzas ASG Eurocargo Oy). These rearrangements concern operations such as material shipping, reception and product packaging. These rearrangements will further improve the efficiency of Vacon's global logis...

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8/27/2003

Mr Erkki Raunio, Executive Vice President of Vacon Plc, has handed in his notice as of 1 September 2003. In his new position, Mr Raunio is President at Vamp Ltd, manufacturer of protection relays. Mr Raunio and his investment company, West Coast Investments Ltd (WCI), own together 71% of Vamp Ltd's...

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8/21/2003

Drives manufacturer Vacon Plc and power plant supplier Foster Wheeler Energia Oy have signed a cooperation agreement covering the supply of Vacon drives to Foster Wheeler power plant projects. The agreement covers both new power plant projects and service deliveries. The drives steplessly control t...

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8/21/2003

Vacon has signed a significant contract with the Dutch Imtech Marine & Offshore. The contract covers the delivery of 1.8 MW main propulsion AC drives to four chemical tankers owned by F.T.Everard & Sons. The customer also has an option on further deliveries to two other tankers. The contrac...

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6/11/2003

During the summer of 2003, Vacon Plc will deliver Vacon drives to the Finnish sawmills of Stora Enso Timber Oy in Varkaus and Tiaisen Saha Oy in Heituinlahti. The contracts, worth more than 310 000 euros, cover drives and accessory devices. The drives to be delivered are in the power range of 1.250...

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6/3/2003

The frequency converter specialist Vacon Plc of Vaasa, Finland, has introduced a series of completely modular AC drives for marine applications. Used for stepless speed control of asynchronous motors, the new Vacon NX series includes both air and liquid cooled units within the power range of 0.2 kW...

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5/30/2003

Product Launch at Nor-Shipping, 3-6 June, 2003 - Lillestrøm, Norway The new air- and liquid-cooled AC drives from Vacon Plc of Vaasa, Finland are designed for main propulsion as well as for all auxiliary drives like fans, winches and pumps on vessels ranging from luxury liners and cargo ships to fa...

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5/26/2003

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Ahlström Capital Limited has informed us that the holding of shares by Ahlström Capital Limited has exceeded 15 % of the share capital and the voting rights of Vacon Plc. Ahlström Capital Limited now owns 2,287,996 s...

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5/26/2003

Vacon Plc, headquartered in Vaasa, Finland, has introduced a cost-effective solution for controlling medium voltage AC drives with low voltage frequency converters and standard transformers. Frequency converters designed for medium voltage are typically expensive and need a lot of space for assembl...

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5/19/2003

Mr Timo Kasi has been appointed as Vice President, Research & Development as of May 19, 2003. He will also be a member of the Management Team reporting to Vesa Laisi, CEO. He is responsible for the research and development of Vacon frequency converter products and for the Company's technologica...

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5/15/2003

Vacon has completed its range of NX Light frequency converters with three new frame sizes. Besides the MF2 and MF3 types introduced in early 2002, the range now also includes the frame sizes MF4, MF5 and MF6 and covers the power range from 0.25 up to 30 kW. The new frame sizes (0.75 - 30 kW) are de...

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4/16/2003

Vacon Plc will deliver more than 100 air-cooled Vacon NX drives to two peat-fired power plants in Ireland being engineered and constructed by Foster Wheeler Energia Oy for Ireland's ESB. The Vacon NX drives to be delivered this year and next year will be in the power range of 0.75?250 kW, and will ...

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3/21/2003

Mid-quarter Update Based on the development during the first two months of 2003 first quarter revenues are expected to be more than 25,5 MEUR (first quarter last year 20MEUR), growth of above 27,5%. Operating profit (EBIT) in the first quarter is expected to be more than 2,2 MEUR (1MEUR), growth of...

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3/21/2003

Vacon Plc delivers drives to M/S Seili, the fairway maintenance vessel owned by the Finnish Maritime Administration. The drives, with total power of 2.3 MW, will control the vessel's main propulsion system. The drives represent Vacon's latest liquid cooled NX technology. The Finnish Maritime Admini...

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3/20/2003

Vacon Plc's Annual General Meeting of Shareholders was held on 20 March 2003 in Vaasa. Vacon Plc's Annual General Meeting approved the company's income statement and the balance sheet for the fiscal year 2002. The Annual General Meeting discharged the Board members and the President from liability ...

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2/28/2003

The shareholders of Vacon Plc are invited to attend the Annual General Meeting of Shareholders scheduled at 15.00 on Thursday 20 March 2003. The meeting will be held at Vacon Plc's headquarters at the address Runsorintie 7, 65380 Vaasa, Finland. The following matters will be on the agenda: 1.The ma...

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2/18/2003

VEM Motors GmbH and Vacon Plc have signed a co-operation agreement for marketing and sales of frequency converters and motors. The agreement allows VEM to sell Vacon NX frequency converters through its own international sales network and allows Vacon to use VEM motors in their own projects. The co-...

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2/6/2003

Vacon Plc will publish its 2002 result on Thursday February 13, 2003 at 10.00 am. A briefing for analysts and press will be held in Helsinki at World Trade Centre at 11.30 am. Attendance can be confirmed via e-mail to johanna.koskinen@vacon.com. The report and presentation material are available on...

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2/4/2003

Vacon Plc has appointed Mika Leppänen as Chief Financial Officer with effect from February 4, 2003. He will also be a member of the Management Group reporting to Vesa Laisi, Chief Executive Officer. Mika Leppänen has extensive experience in different management positions in corporate finance and co...

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12/23/2002

23 December 2002 - Vacon Plc has signed a significant contract with Tatenergo, the biggest energy company in Tatarstan, Russia. Worth 700,000 euros, Vacon's first order covers frequency converters with a total power of 5.3 MW. The drives will be delivered to the district heating plant in Naberezhni...

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12/10/2002

10 December 2002 - Vacon is further sharpening its focus on profitable growth by reinforcing its organizational structure. The new structure will simplify operations, improve efficiency and provide superior value propositions to customers. Vacon Group's new organization is built around three busine...

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12/5/2002

Vacon Plc will publish its Financial Report for 2002 on Thursday, February 13, 2003 and the Annual Report 2002 during the week commencing on March 3, 2003. The following three Interim Reports will be released in 2003: January - March, Tuesday, April 29 January - June, Tuesday, August 5 January - Se...

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12/4/2002

Vacon Plc has entered into a partnership agreement with FINN-POWER Oy for the supply of drives to all FINN-POWER products. The agreement covers the delivery of hundreds of drives a year. The deliveries are scheduled to begin in January 2003. Vacon and FINN-POWER opened negotiations already in 1999,...

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11/15/2002

The hardware and the software in Vacon's new NX series of frequency converters are based on a concept of complete modularity. This innovative design allows a nearly unlimited number of application and customer specific solutions based on a fairly limited number of components. The patented Vacon con...

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11/11/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Ahlström Capital Limited has informed us that the holding of shares by Ahlström Capital Limited has exceeded 10 % of the share capital and the voting rights of Vacon Plc. Ahlström Capital Limited now owns 1,658,833 s...

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10/31/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: The Goldman Sachs Group, Inc. has informed us that the holding of shares by The Goldman Sachs Group, Inc. and its indirectly wholly-owned subsidiary Goldman Sachs Asset Management International has fallen below 5% of...

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10/24/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: The Goldman Sachs Group, Inc. has informed us that the holding of shares by The Goldman Sachs Group, Inc. and its indirectly wholly-owned subsidiary Goldman Sachs Asset Management International has exceeded 5% of the...

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8/26/2002

Vacon Plc has been awarded the prestigious Market Engineering Growth Strategy Award presented by Frost & Sullivan, a global leader in international strategic market consulting. The 2002 Frost & Sullivan Market Engineering Award for Growth Strategy is given to the company that has demonstrat...

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7/9/2002

Vacon Traction Ltd, a member of the Vacon Group, has won a significant contract for a Chinese customer to supply and commission about 350 power converters. The contract covers AC drives controlling the fan motors, compressors and air conditioning devices in locomotives. This is a new customer to Va...

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5/27/2002

Memorandum of Understanding brings together complementary technologies to improve performance of variable speed drives Vacon Plc and Rockwell Automation, a leading industrial automation and drives supplier, have entered into a collaborative product development relationship in high-power and high-pe...

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4/24/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Deutsche Bank AG has informed us that the holding of shares by Deutsche Bank AG and their subsidiary companies have fallen below 5% of the share capital and the voting rights of Vacon Plc. Deutsche Bank AG and their ...

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4/10/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International and its direct and indirect subsidiaries in Vacon Plc have exceeded 10% of the share capital and the voting rights o...

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4/8/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Deutsche Bank AG has informed us that as a result of a purchase of 799,927 shares in Vacon Plc on March 28, 2002, the holding of shares by Morgan Grenfell & Co Ltd has exceeded 5% of the share capital and the vot...

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4/3/2002

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us that the holding of shares by Fidelity International and its direct and indirect subsidiaries in Vacon Plc have fallen below 10% of the share capital and the voting righ...

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3/26/2002

Vacon Plc's Annual General Meeting of Shareholders was held on March 25, 2002 in Vaasa. Vacon Plc's Annual General Meeting approved the company's income statement and the balance sheet for the fiscal year 2001. The Annual General Meeting discharged the Board Members from liability for the fiscal pe...

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3/15/2002

Vacon today provides a mid-quarter update to the company's business outlook for the first quarter 2002. Based on developments during January and February, Vacon's net sales for the first quarter are expected to be on the same level as last year. Last year's growth for the first quarter was on an ex...

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3/12/2002

Vacon Plc has signed two significant contracts. Vacon has entered into a long-term partnership agreement with Wärtsilä Finland Oy. Another contract has been signed with Zellstoff Stendahl GmbH in Germany to deliver frequency converters to their new kraft pulp mill. Vacon has entered into a long-ter...

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3/7/2002

The shareholders of Vacon Plc are invited to attend the Annual General Meeting scheduled at 15.00 on Monday 25 March 2002. The meeting will be held at the Gloria auditorium at the address Hovioikeudenpuistikko 16, 65100 Vaasa, Finland. The following matters will be on the agenda: 1. The matters ref...

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1/17/2002

Vacon Plc will change its president and CEO on 1 July 2002. The new CEO will be Vesa Laisi (44), MSc (Eng), MSc (Econ). Mr Laisi will join Vacon on 3 April 2002 and take over the CEO's position on 1 July 2002. The current President and CEO Veijo Karppinen will continue as a member of Vacon's Board ...

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12/28/2001

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: The investment company Ahlström Capital Oy has acquired from Konecranes Finance Oy its 8% stake in Vacon Plc. The transaction makes Ahlström Capital a major individual owner of Vacon. The transaction was made on Dece...

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12/18/2001

Vacon Plc will publish its Financial Report for 2001 on Monday, February 4, 2002 and the Annual Report 2001 during the week commencing on March 4, 2002. The following three Interim Reports will be released in 2002: January - March, Thursday, May 2 January - June, Thursday, August 1 January - Septem...

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12/13/2001

Vacon is going to exceed its net sales target of EUR 87 million by a few million euros. This means growth of more than 35 % on last year's figure. Due to considerable financial impact of the expansion, the company is likely to fall about EUR 0.5 million short of its operating profit target of EUR 1...

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11/15/2001

Vacon Plc has acquired the majority of the share stock of the Lappeenranta-based company Rotatek Finland Oy. This acquisition strengthens Vacon's position as a technological leader in the development of customer and application specific frequency converters. "With its knowhow, Vacon is a Drives Hou...

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10/26/2001

We have decided to publish our financial reports earlier than before in order to provide our interest groups with as up-to-date information as possible. Thus, Vacon's interim report for January-September will be published earlier than announced before, on November 2, 2001 at 10.00. The new practice...

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6/13/2001

In a transaction with Vacon Plc shares, dated 12.6.2001, Konecranes Finance Oy has sold 300,000 of its Vacon shares in conjunction with a transaction where some of the parties that were released from the Vacon share's 6 month transfer restriction period (lock-up) and that were sellers in the listin...

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6/13/2001

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Konecranes Finance has informed us today that their holding of shares and votes in Vacon Plc has gone below 10% of the share capital and the voting rights of Vacon Plc. The exact proportion of the holdings represents...

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4/9/2001

Vacon's new liquid-cooled technology to the AvestaPolarit steel plant in Tornio Vacon Plc and Honeywell Finland have signed a significant contract for the supply of variable speed drives to the AvestaPolarit Oyj Abp steel plant in Tornio. For Vacon, the contract is worth nearly EUR 2 million. "Vaco...

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3/29/2001

Vacon Plc's Annual General Meeting of Shareholders was held on March 28th, 2001 in Vaasa. Vacon Plc's Annual General Meeting approved the company's income statement and the balance sheet for the fiscal year 2000. The meeting discharged the Board Members from liability. The meeting adopted the Board...

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3/23/2001

Vacon Plc and the water supplier SUE Vodokanal of St. Petersburg have closed a contract worth FIM 6.6 million (EUR 1.1 million) on 228 frequency converters. The largest drives are 630 kW. Vacon has also founded a subsidiary in Russia, ZAO Vacon Drives. Vacon Plc and SUE Vodokanal of St. Petersburg ...

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3/7/2001

The shareholders of Vacon Plc are invited to attend the Annual General Meeting scheduled at 15.00 on Wednesday, March 28, 2001. The meeting will be held at the Gloria auditorium at the address Hovioikeudenpuistikko 16, 65100 Vaasa, Finland. The following matters will be on the agenda: 1. The matter...

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2/20/2001

Proposal to distribute a dividend of EUR 0.13 per share Proposal to amend Article 11 of the Articles of Association Proposal to grant option rights The Annual General Meeting of Shareholders will be held on March 28th, 2001 in Vaasa at the Gloria auditorium at 3.00 PM. The notice to convene the AGM...

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2/2/2001

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us today that the holding of shares by Fidelity International and its direct and indirect subsidiaries in Vacon Plc has exceeded 10% of the share capital and the voting rig...

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2/1/2001

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10:Tapiola Mutual Pension Insurance Company has informed us today that the holding of shares by them in Vacon Plc has gone below 5% of the share capital and the voting rights of Vacon Plc. The exact proportion of the hol...

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1/18/2001

This is a notice under the Securities Market Act of Finland Chapter 2. Section 10: Fidelity International Limited has informed us on December 18th that the holding of shares by Fidelity International and its direct and indirect subsidiaries in Vacon Plc has exceeded 5% of the share capital and the ...

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1/8/2001

Alfred Berg Finland Oyj Abp, the lead manager in the Combined Offering of Vacon Plc has today decided to suspend the stabilisation period for shares of Vacon Plc. No stabilisation measures have been taken during the stabilisation period. The Additional Shares Alfred Berg Finland Oyj Abp, the lead m...

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1/4/2001

The financial information for 2001 of Vacon Plc will be published as follows: Year 2000 financial result: 15.02.2001 at 10.00 AM Interim report, 1st quarter: 15.05.2001 at 10.00 AM Interim report, 2nd quarter: 15.08.2001 at 10.00 AM Interim report, 3rd quarter: 15.11.2001 at 10.00 AM After publicat...

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