Product category:
Motors and Variable speed drives
News Release from: Vacon
Edited by the Processingtalk Editorial
Team on 26 October 2005
Hyundai Heavy Industries signs for Brand
labeling
Vacon and Korea-based Hyundai Heavy Industries have entered into a distributor and brand label agreement, where HHI will sell and market Vacon AC drives under its own brand
Vacon and Korea-based Hyundai Heavy Industries (HHI) have entered into a distributor and brand label agreement Under this long-term agreement, Hyundai Heavy Industries will sell and market Vacon AC drives under its own brand through its own marketing channels
This article was originally published on Processingtalk on 27 Oct 2005 at 8.00am (UK)
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"With this agreement, Vacon continues to build a strong presence in the fast-growing AC drives market in Asia.
The signed agreement with one of the world's leading industrial companies demonstrates that our technology is at the forefront in the drives business," says Mr Heikki Hiltunen, Vice President, Sales and Marketing, Vacon Plc.
"Vacon already has several global brand label customers worldwide, and this agreement with Hyundai Heavy Industries continues our success as the world's leading, focused low-voltage AC drives supplier," Mr Hiltunen continued.
"As a focused low-voltage AC drives supplier with a full range of products, Vacon is an ideal partner for Hyundai Heavy Industries," says Mr Won Yung Ryoo, Director Electro Electric Systems, Hyundai Heavy Industries: "Also the easiness to work with Vacon was a factor to choose Vacon, and through the cooperation with Vacon, HHI will be able to complete a full line-up of AC drives to serve the various requirements of customers from low to high voltages".
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