• 21.01.2010, 19:00:23
  • /
  • OTE0002

EANS-News: Von Roll Holding AG / Major Contract from Canadian Network Provider Hydro One

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Subtitle: - Contract for Von Roll Transformers amounting to US$16.6 million
- Energy sector proves to be a stable growth market once again

Au / Wädenswil, Switzerland (euro adhoc) - 21 January 2010 - Von Roll, one of
Switzerland's longest established industrial companies, has qualified to be one
of the main suppliers of high-performance transformers to Hydro One Networks
Inc., Toronto, Canada. The cooperation will span the next five years and will
include a contract volume of at least USD 16.6 million.

Hydro One delivers electricity safely, reliably and responsibly to homes and
businesses across Ontario and owns and operates Ontario's 29,000 kilometre
high-voltage transmission network that delivers electricity to large industrial
customers and municipal utilities. Moreover, Hydro One owns and operates a
122,000 kilometre low-voltage distribution system that serves about 1.3 million
end-use customers and smaller municipal utilities in the province. Hydro One is
wholly-owned by the Province of Ontario.

"The awarding of the contract is based on a long-standing and trustful business
relationship with Hydro One. It confirms that Von Roll supplies transformers of
the highest quality", says Thomas Limberger, Chairman of the Board of Directors
and CEO of Von Roll Holding AG. "This contract is one more proof that the
founding of the new segment, Von Roll Transformers, was an important strategic
milestone and that Von Roll can compete at an international level."

The value-added chain and expertise of the Swiss industrial group were therefore
decisively expanded to include one of the most promising and rapidly growing
markets. Growth on the transformer market is driven by strong demand to upgrade
and replace antiquated infrastructure, the push for greater efficiency on
Western markets, and the need for new infrastructure in emerging markets.

About Von Roll Holding AG:
As one of Switzerland´s longest established industrial companies, Von Roll
Holding AG focuses on products and systems for power generation, transmission
and distribution.
Von Roll is the global market leader in insulation products, systems, and
services and is represented in 19 countries with around 3,100 employees at 30
sites.

This press release is based on information currently available. Unforeseeable
risks and influences may lead to discrepancies with statements portrayed here.
Furthermore, rounding differences may lead to discrepancies in the reported
figures.

Further inquiry note:
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: [email protected]

Investor Relations
T: +41 (44) 204 3050, F +41 44 204 3008, E: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Von Roll Holding AG
Steinacherstrasse 101
CH-8804 Au / Wädenswil
phone: +41 (0)44 204 30 34
FAX: +41 (0)44 204 30 39
mail: [email protected]
WWW: http://www.vonroll.ch
sector: Misc. Industrials
ISIN: CH0003245351
indexes: SPI, Midcap Market Index
stockmarkets: official dealing: SIX Swiss Exchange
language: English

Digitale Pressemappe: http://www.ots.at/pressemappe/EASY_100012881

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

Bei Facebook teilen.
Bei X teilen.
Bei LinkedIn teilen.
Bei Xing teilen.
Bei Bluesky teilen

Stichworte

Channel