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Vacon Strengthens Distribution in Russia

Maritime Activity Reports, Inc.

February 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 price, Russia is a very interesting and important area for Vacon.

Market growth in Russia is even faster than in China. The high energy price encourages investments in AC drives, which bring considerable energy savings. Ruselprom supplies motors to a wide scope of industries ranging from oil and gas to chemical and petrochemical industry, machine building, metallurgy and construction. In accordance with the agreement, Ruselprom will sell and market Vacon AC drives through its own channels. Vacon has been represented in the Russian market since the year 2001 when a subsidiary was founded in Moscow. Ruselprom is a supplier of complete electrical drive systems for all industries, and it is one of the major suppliers in its field in Russia. In addition to research, development and production, the company has gained unique experience in installation and commissioning, repair and maintenance of all types of electric motors, large electric machines and generators. The group consists of the following companies: Leningrad Electric Machine Engineering Factory, Vladimir Electromotor plant, Safonovo electric machines plant, Ruselprom-Electromash and Niptiem (scientific, research, design and technology institute for electrical machine building).

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