China Customs doing audit at Vacon's China factory
(Thomson Reuters ONE) -
Vacon Plc, Stock exchange release, 19 March 2010 at 1.15 p.m.:
China Customs has started an audit at Vacon's factory in Suzhou, related to the
import customs clearance process Vacon has been following in China. On the
account of this matter, two persons from Vacon's China company have been taken
into custody by the authorities. Vacon is actively cooperating with China
Customs during the audit.
-Vacon complies in its global operations with national as well as international
laws, rules and regulations, such being the case also in China. Vacon has, in
consequence of this matter, started an internal audit of its own. As the audits
are in progress, we cannot at the moment comment on this case any further, says
Vacon's President and CEO Vesa Laisi.
Vacon Plc
Contact:
* Vesa Laisi, President and CEO, Vacon Plc, tel. +358 40 8371 510
Vacon in brief:
Vacon's operations are driven by a passion to develop, manufacture and sell the
best AC drives in the world - and nothing else. AC drives are used to control
electric motors and in renewable energy generation. Vacon has R&D and production
units in Finland, the USA, China and Italy, and sales offices in 27 countries.
In 2009 Vacon had revenues of EUR 272 million and globally employed ca 1,200
people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the
Helsinki stock exchange.
Driven by Drives, www.vacon.com
Distribution:
Financial Supervisory Authority
NASDAQ OMX Helsinki
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Datum: 19.03.2010 - 07:16 Uhr
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