ETTEPLAN AND LAROX WIDEN ENGINEERING DESIGN COOPERATION
ETTEPLAN OYJ RELEASE 9 OCTOBER 2006 09.00 A.M.
ETTEPLAN AND LAROX WIDEN ENGINEERING DESIGN COOPERATION
Etteplan Oyj and Larox Corporation have today signed a letter of
intent to widen engineering design cooperation, which has already
continued for close to twenty years. As a part of the agreement,
10 employees working in engineering and documentation functions
related to delivery projects and maintaining of products at Larox
offices in Finland, will transfer to Etteplan on 1 January 2007 as
so called former employees. The agreement, after entering into force,
guarantees the availability of engineering design services competently
and flexibly to Larox Corporation.
The parties aim to finalize the agreements by the end of December 2006.
The parties will carry out the mandatory employer-employee negotiations
during 2006.
The signed letter of intent follows Etteplan's strategy, according to
which the company operates as a partner of globally operating customers
providing them with high-quality industrial technology design services
and the customers can concentrate on the development of their own core
businesses. After entering into force, the agreement will further
strengthen Etteplan's position as one of the leading design companies
in the Nordic countries.
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. 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 440 employees. Larox Group is headquartered
in Lappeenranta, Finland. Product factories are located in Lappeenranta
and Utrecht, The Netherlands. Net sales in 2005 totalled 104.3 million
euros, of which more than 95 % were generated by exports and the
company's foreign operations.
Etteplan is one of the largest companies in the Nordic Countries
providing industrial technology design and expert services. The company
supplies high-quality services for its customers for production and
product development processes. The core areas of expertise are mechanical
engineering, automation design and information technology as well as
software development, electronics design and related laboratory and
approval services. In 2005, turnover of Etteplan Group was
EUR 79.4 million. The company employs close to 1 600 persons
in Finland, Sweden, Germany, Italy and China.
Hollola, 9 October 2006
Etteplan Oyj
Heikki Hornborg
CEO
For additional information, please contact:
Etteplan Oyj, Vice President Risto Koivunen, tel. +358-400 649 656
or CEO Heikki Hornborg, tel. +358 400 873 063
Larox Corporation, Vice President, Engineering & Production
Kari Suninen, tel. +358 40 558 3706
DISTRIBUTION: Helsinki Stock Exchange
Principal media
www.etteplan.com