Vacon Oyj Vacon Group, PRESS RELEASE, May 28, 2008:



The Finland-based AC drives manufacturer Vacon has signed a global cooperation agreement with Voith Paper Automation, one of the seven Voith Paper divisions, which supplies comprehensive automation solutions for the paper industry. Headquartered in Germany, Voith Paper Automation has chosen Vacon as their preferred AC drives supplier for their paper machine deliveries worldwide.

"The pulp and paper industry is one of Vacon's strategic key business segments. Voith is a world-famous brand, and we are very pleased to be able to strengthen our cooperation with Voith Paper Automation operating globally. Vacon will not only supply AC drives to the paper machines delivered by Voith Paper Automation, we will also cooperate in terms of technological development," says Heikki Hiltunen, Executive Vice President, Vacon.

"We provide solutions that improve the productivity and efficiency of the papermaking process. Reliable and versatile AC drives are also in the future an integral part of our solutions, and that is why we chose the supplier with an independent position and a large number of references in the pulp and paper industry," says Antti Kaunonen, Executive Vice President, Voith Paper Automation.

Vacon will supply Voith Paper Automation with AC drives for use in paper machine applications. Vacon offers a complete range of variable speed AC drives that cover a wide application area, everything from simple pump drives to demanding system drives, thus improving processes in terms of runnability, efficiency and quality.

Voith Paper Automation in brief: Voith Paper Automation combines process know-how and automation expertise to develop application-oriented technology for a more productive and efficient papermaking process. This includes the areas of process control technology, quality control technology, information systems and associated services. Voith Paper Automation delivers complete systems for new and existing machines, as well as solutions for upgrades and rebuilds. Voith Paper Automation is one of the seven Voith Paper divisions. Through constant innovations, Voith Paper is optimizing the paper manufacturing process. Over a third of the paper produced worldwide is made on Voith Paper machines.

Vacon in brief: Vacon was established in 1993 from a passion to develop and produce AC drives globally. It is a matter of honour for Vacon to offer customers efficient, reliable and easy to use means for improving process control and saving energy and costs. Vacon's solutions represent clean technology. They can be used to control the speed of electric motors used by industry and municipal engineering, and in power generation using renewable energy. Vacon provides AC drives in the power range 0.25 kW - 5 MW. Revenues in 2007 totalled EUR 232.2 million.

Vacon Group

Further information: Heikki Hiltunen, Executive Vice President, Products and Markets, Vacon Group, mobile +358 (0)40 8371 609 Press contact: Catarina Fant, Director, Brand Management and Communications, Vacon Group, mobile +1 717 491 9797, e-mail catarina.fant(at)vacon.com www.vacon.com

Vacon Oyj

http://www.vacon.com

ISIN: FI0009009567

Stock Identifier: XHEL.VAC

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