LAROX CORPORATION COMPANY ACCOUNCEMENT ON 12 SEPTEMBER 2008 AT 10.00 am
The transfer of Turku Ceramics Oy to the ownership of Larox Corporation will be
realized
The transaction, based on a letter of intent between the owners of Turku
Ceramics Oy and Larox Corporation, of which a company announcement was published
on 9 May 2008 and according to which the entire capital stock of Turku Ceramics
Oy will be transferred to the ownership of Larox Corporation, will be realized
and the ownership will be moved over to Larox Corporation on 1 October 2008.
Turku Ceramics Oy production facilities are located in Turku. The company
concentrates mainly on subcontract manufacturing of highly tailored parts and
components designed by the customers. Durable high tech ceramics are used more
and more to replace conventional materials in challenging conditions of machine
and chemical process industries. In 2007 net sales of Turku Ceramics Oy totaled
EUR 3.4 million and the number of personnel was 26.
Larox uses ceramic plates supplied by Turku Ceramics as filter elements in disc
filters. Their markets especially in the mining industry are growing strongly.
Larox Corporation
Topi Karppanen
President & CEO
For further information:
Mr. Topi Karppanen
Tel. +358 (0) 20 7687210
Fax. +358(0) 20 7687277
topi.karppanen@larox.com
Mr. Jerry Kulmala
Tel. +358 2 275 6400
Fax. +358 2 275 6420
jerry.kulmala@turkuceramics.fi
Distribution OMX Nordic Exchange in Helsinki, 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
over 460 employees. Larox Group is headquartered in Lappeenranta, Finland where
the Group also has production facilities. Net sales in 2007 totaled 158.3
million euros, of which more than 95 % were generated by exports and the
company's foreign operations.
The transfer of Turku Ceramics Oy to the ownership of Larox Corporation will be realized
| Source: Larox Oyj