Welcome to Vacon Australia.
Vacon Pacific Pty Ltd, a subsidiary of Vacon PLC, Finland, is responsible for sales and support of the Vacon product range of Variable Speed AC Drives (also known as VSD, VFD and VVVF drives) throughout the Australian & Pacific regions including New Zealand, Solomon Islands, Fiji & Papua New Guinea.
Australian Headquarters based in Melbourne offering facilities for customer meetings, training courses, order handling, technical service support & spare parts for all Vacon products.
Also in operation at Vacon Melbourne is a fully equipped test and repair workshop, allowing Vacon Australia the ability for round the clock support services for those rare emergencies.
Vacon Australia also hold a large portion of stock for quick deliveries up 400kW IP54 Cabinets or upto 1.5MW in IP00 modules.
For your local Vacon Contact or one of Vacon Australian Distributors, please check our “Contacts” weblinks for information for nearest representative.
| *Vacon Australia Head Office located in Melbourne with Vacon Subsidiaries in NSW, WA & QLD. |
Please contact your local Australian Vacon Sales Team for additional information
Quick links Vacon VSD Products:
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NXL - Light Industrial: Weblink
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NXS- Multipurpose: Weblink
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NXP - High Performance : Weblink
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NXC - Cabinet Solutions: Weblink
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Vacon 100 - HVAC AC Drive: Weblink
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Vacon Low Harmonic - low THD: Weblink
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Vacon Liquid Cooled - Extreme Conditions: Weblink
Vacon Plc, Stock Exchange Release, 2 February 2011 at 10.00 am
Vacon Plc Financial Statement Bulletin
1 January – 31 December 2010
In this stock exchange release Vacon is publishing information that has a significant impact on securities included in the financial statements. The full financial statements are in the appendix to this release and can be downloaded from the company’s website in English at www.vacon.com and in Finnish at www.vacon.fi
October-December summary:
- Order intake totalled MEUR 82.4, an increase of 29.7 % from the corresponding period in the previous year (MEUR 63.5).
- Revenues totalled MEUR 103.2, growth of 60.7 % (MEUR 64.2).
- Operating profit was MEUR 9.1, or 8.8 % of revenues, growth of 111.5 % (MEUR 4.3 or 6.7 %).
- Cash flow from operations was MEUR 1.6 (MEUR 12.1), a decline of 86.4 %.
- Earnings per share were EUR 0.46 (EUR 0.19), growth of 146.3 %.
January-December summary:
- 2010 Orders received totalled MEUR 358.2, an increase from 2009 of 39.9 % (MEUR 256.1).
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Revenues were MEUR 338.0, growth of 24.3 % (MEUR 272.0).
- Operating profit was MEUR 28.6, an increase of 26.8 % (MEUR 22.5). Operating profit margin was 8.5 % (8.3 %).
- Cash flow from operations totalled MEUR 15.9, a decline of 57.1 % (MEUR 37.1).
- Earnings per share were EUR 1.22 (EUR 1.01), growth of 20.1 %.
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The Board of Directors proposes to the Annual General Meeting of Shareholders that a dividend of EUR 1.00 per share be paid from the profit in 2010.
General review
The global AC drive market picked up significantly in 2010 and Vacon succeeded in raising its market share in all geographical areas. Vacon’s revenues increased 24.3%, while the market is thought to have grown about 8 % (Frost & Sullivan). Vacon’s market share is estimated at some 5 % and the company is one of the seven largest AC drive suppliers in the world.
During the final quarter of 2010 revenues rose to EUR 103.2 million, thanks to the excellent order intake in the third quarter. A shortage of components disrupted deliveries to a certain extent, however. Orders received reflected the seasonal variation in the orders from a few major customers.
In the spring Vacon purchased a small company that specializes in solar energy technology, which speeded up the launching of the company’s solar energy products. Vacon received its first solar energy orders in the third quarter. Revenues for renewable energy products (wind and solar) accounted for 18% of full-year revenues (12.5% in 2009).
Growth in the operating profit margin was slowed down both in the October-December period and for the whole year by the focus in sales on low-power products with a lower profit margin and by the provision recognized in the fourth quarter of 2010 on account of the legal case relating to the customs procedures employed by the subsidiary in China. The Chinese prosecuting authority is demanding compensation of EUR 3.2 million from Vacon. The total costs relating to this customs issue in the result for 2010 are EUR 3.8 million. Excluding these one-time items, Vacon’s operating profit would have been EUR 32.4 million (9.6%) in 2010. A further factor weakening any improvement in the operating profit was the costs for electronic components, which rose in consequence of spot market purchases. The company invested in growth during 2010 by recruiting new personnel especially for product development and production. This has increased the company’s fixed costs.
The cash flow from operations was a positive EUR 15.9 million, but EUR 21.2 million less than in the previous year. The reason for this decline was the increase in working capital caused by the sharp growth in business operations, which in turn was due to revenues focusing on the last month in the quarter.
During 2010 Vacon invested heavily in developing AC drive technology for wind power plants. Another new area for Vacon was the inverter product range developed for solar power plants. In the second half of 2010 Vacon launched the Vacon 8000 Solar product family, which has a power range of up to one megawatt. During 2011 Vacon plans to expand the product range still further.
In November 2010 Vacon unveiled its new Vacon 100 Motor Mountable AC drive that can be mounted on a motor or machine, which represents the new principle of distributed drives in Vacon’s product range. AC drives designed in accordance with this principle can be placed as close as possible to the electric motor, usually on the electric motor or machine it is controlling.
Vacon Global in Brief
Save 10% of the world’s energy consumption with Vacon
Vacon is driven by a passion to design, manufacture and sell only the best AC drives on the planet or commonly known as a VSD drive or VVVF drive.
AC drives can be used to control electric motors or to help generate power from renewable sources. Vacon has R&D and production facilities in Finland, the United States, China and Italy, and sales offices in more than 25 countries.
- Revenues in 2010: EUR 358 million
- Production and R&D on three continents
- Sales companies and representatives in 27 countries
- Worldwide distributor network
- Investment in R&D ~ 7%
- Personnel ~ 1200
- Since December 2000, Vacon’s share is quoted on the main list of the NASDAQ OMX Helsinki
- Headquartered in Vaasa, Finland
Passionate attitude towards product leadership
Exclusively focused on variable speed AC drives, Vacon offers a unique blend of a dynamic and passionate attitude towards product leadership and customer services. Vacon is constantly working with a wide customer base where AC drives play an integral part of the business.
Vacon concentrates only on the essential: improving the customer’s own product or process in order to bring the best possible value for the customer. With many years of experience in the field, we understand the customer’s needs and can offer the most cost-effective solution to meet them in terms of process efficiency, energy savings, eco-friendliness, and the total cost of ownership.
Unique craftsmanship and R&D
More than 1,000 Vacon professionals worldwide concentrate on one thing only: providing state-of-the-art AC drives as close to the customer as possible. The secret behind Vacon’s success lies in unique engineering craftsmanship and innovations.
Vacon’s R&D is constantly investigating the best practices in the field that are most appropriate for customers. Today, as much as 7% of the revenues are invested into R&D, and our R&D units are located in Finland, China, USA and Italy. Therefore, we dare to say that Vacon AC drives make a difference in the market: whatever the need is - from the simplest to the most demanding - we are always open to take the challenge!
Cleantech which brings substantial savings
Vacon AC drives are 100% cleantech. Cleantech refers to all products, services, processes and systems that are less harmful to the environment than their alternatives. Vacon AC drives represent technology that not only helps you save in energy costs but also significantly improves the process control in your business.
If all AC motors in the world were equipped with Vacon AC drives, it could give savings of about 30% in the energy consumption of AC motors. This saving is about 10% of the world’s total consumption of electrical energy.
Attractive partner
Vacon has a unique position in the market. It is an independent company that can focus entirely on developing AC drives. A global network combined with local production in different parts of the world makes Vacon an attractive business partner on all continents.
Roughly 30% of Vacon’s revenues comes from sales to longterm OEM partners, and about 20% comes from sales to system integrators. Vacon also offers brand label customers, distributors, and industrial end-users a broad product portfolio and a high level of product and application expertise.
Global production & multichannel product and service network
Vacon currently manufactures VSD drives in Finland, China, Italy and the United States. Adapting products as close as possible to the customer gives flexible production and short delivery times.
Vacon AC drives are sold in more than 100 countries. We have subsidiaries, business partners and service centers around the world. We increase our local presence systematically, ensuring good availability of products and service wherever you are.
Vacon grows at a fast pace
For many years, Vacon has been growing three times faster than the global AC drive market. Today, Vacon is one of the biggest AC drives manufacturers in the world. Vacon’s main competitors are global conglomerates, for which AC drives are just one product among many.
The growth in the AC drive market is based on rising energy prices, increasing automation, and falling electronics prices. There is room for growth in the market, for at the moment only about 10% of the electric motors in the world are controlled by AC drives.
Vacon Finland Weblink: www.vacon.com