LAROX CORPORATION COMPANY ANNOUNCEMENT 19 November 2009 at 9.00 am
Larox Established a Subsidiary in India
Larox has successfully completed the registration of the company's subsidiary in
India. The new unit, named Larox India Private Limited, is responsible both for
Larox's aftermarket services and filter sales development in India.
India is a very important market for Larox, with fast economic growth and major
reserves of natural resources such as iron ore, coal and zinc. Larox's aim is to
increase the company's market share of this growing market.
Larox's subsidiary in India is located in Bangalore and it is expected to be
fully operational during the 2nd quarter of 2010 at the latest.
Larox Corporation
For further information:
Mr. Topi Karppanen
President & CEO
Phone +358 (0) 20 7687210
Fax +358 (0) 20 7687277
topi.karppanen@larox.com
www.larox.com
Distribution NASDAQ OMX Helsinki Ltd., Central Media
Larox develops, designs and manufactures industrial filters and is a leading
technology company in its field. Larox is a full service solution provider in
filtration for separating solids from liquids. It supplies comprehensive
aftermarket services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related industries
benefit from the Larox technologies. Larox operates in over 40 countries and
has about 600 employees. Larox has production facilities in Finland and in
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in
2008 totaled 208.0 million euros, of which more than 93 % were generated by
exports and the company's foreign operations.