Thursday, 16 January 2014 07:14

The President of the United States visited Vacon in North Carolina

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President Barack Obama paid a visit to the Vacon Research and Development center in Research Triangle Park, NC today the 15th January 2014. The visit was part of the president's travel to North Carolina. The president's tour at Vacon was also accompanied by Ernest Moniz, United States Secretary of Energy.

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"We were privileged and honored to welcome President Obama to Vacon. We arranged a tour at our R&D lab, demonstrating how Vacon is actively involved with making the world and our way of living more sustainable in terms of energy efficiency," said Dan Isaksson, vice president of medium voltage drives at Vacon, who was one of the hosts during the visit.

2014-01-16 071713"So the reason I came here today is because we've got to do more to connect universities like NC State with companies like Vacon to make America the number-one place in the world to open new businesses and create new jobs. We want to do that here in North Carolina, and we want to do this all across America," said President Obama during his speech at the North Carolina State University.

Vacon, headquartered in Finland, is the world's largest company focusing solely on AC drives, which are used to control the speed of electric motors to maximize energy efficiency. Vacon's operations in North Carolina are focused on research and development of Vacon's new product line, medium-voltage AC drives.

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In November 2013 Vacon published its new vision, The Drives Family where the best people work together to develop the best products, applications and services for customers. "The newly-published Vacon vision is tangible here in North Carolina. The combination of a highly skilled and innovative workforce, a business-friendly climate and the opportunity to collaborate with various companies and universities made the Triangle area a great choice for Vacon," Isaksson said.

Vacon has recently released a video about the company's new vision, financial targets and strategic choices, available here: http://www.youtube.com/watch?v=wseJ2NWjy_U

Additional Info

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Vacon offers optimum process control and energy efficiency for various industrial sectors such as building automation, marine and offshore, mining and metals, water and wastewater, and renewable energy. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 29 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2012, Vacon's revenues amounted to EUR 388.4 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

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