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    Schneider Toshiba Inverter SAS has just signed a commercial partnership agreement with Vacon Plc

    Rueil-Malmaison (France), September 9, 2003 – Schneider Toshiba Inverter SAS, the company owned jointly by Schneider Electric and Toshiba Corporation, has just signed a commercial partnership agreement with the Finnish company Vacon Plc, specialized in variable speed drives for asynchronous motors. The aim is to strengthen and extend a relationship based on cooperation which started almost ten years ago.

    Founded in 1993, Vacon Plc specializes in the development, manufacture and worldwide marketing of Vacon frequency converters in the power range from 0.2 kW to 3 MW for applications in industry and the public sector. Vacon Plc is one of the fastest growing drives companies in the world. In 2002, the Group recorded a turnover of 97.5 millions euros. The company has three production units in Finland and a network of eleven subsidiaries and more than 100 distributors in 75 countries.

    Schneider Toshiba Inverter SAS will be commercializing Vacon variable speed drives (from 2.2 to 1500 kW for the 525 to 690V voltage ranges) under its own brand. In this way, Schneider Toshiba Inverter SAS is reinforcing its worldwide leadership in variable speed drives and can meet all its customers' requirements.

    Vacon Plc meanwhile, will commercialize Schneider Toshiba Inverter SAS's soft starters (from 4 to 1200 kW for the 230 V to 690 V voltage ranges).

    "This agreement underlines our determination to set up long-term relationships which will be profitable both now and in the future," declared Elie Belbel, Chief Executive Officer of Schneider Toshiba Inverter SAS.

    « Vacon has been widening its scope as an AC drive supplier to provide a complete range of products, services and comprehensive expertise for the AC drive needs of customers. Our long partnership with Schneider Toshiba Inverter SAS is with this agreement taking the next step. This speaks for our ability to meet the needs of leading drives companies », says Vesa Laisi, Chief Executive Officer of Vacon Plc.

     About Schneider Electric
    Schneider Electric
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    Schneider Electric, the world's Power & Control specialist with leading mondial brands such as Merlin Gerin, Square D and Telemecanique, offers a comprehensive range of products and services for the following markets: residential, buildings, industry and energy and infrastructure.
    Schneider Electric's 74 800 employees generated sales of EUR 9.1 billion in 2002 through 13,000 sales outlets in 130 countries.