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[May 2009]
Larox Establishes Subsidiary in China
Larox (Lappeenranta, Finland) has reinforced its presence in the growing Chinese market by establishing a subsidiary near Shanghai. The subsidiary manufactures and sells Larox filters and filtration solutions and offers comprehensive after-market services to Chinese customers.
“Larox's strategy is to grow, and to offer local service worldwide. China is a very important market for us, and we want to service our Chinese customers in the best possible way. Being present in China will help Larox better respond to customers' needs and better monitor market developments and emerging new applications,” explained Topi Karppanen, President and CEO of Larox Corporation.
China has seen a rapid development of its economy, which has led to expansions both in the Mining and Metallurgy and Chemical Process Industries. With the growth of these industry sectors, the demand for high quality filtration solutions has been increasing steadily. “China is facing increasing pressure to improve its industry's energy efficiency. There are ambitious targets and programs aiming to reduce energy consumption and emissions. This drives demand for efficient filtration technology. Larox is very well positioned to offer competitive solutions to help our customers reduce costs, consume less energy and improve process performance in many ways,” said Mr Karppanen.
Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. It is a full service solution provider in filtration for separating solids from liquids. It supplies comprehensive after-market services throughout the lifespan of the Larox solution. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from these technologies. Larox operates in over 40 countries and had approximately 500 employees in 2008. Net sales in 2008 totalled €208 million, of which more than 93% were generated by exports and the company's foreign operations.
ENDS