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Systemair expanding in Asia

February 16, 2009, 16:30
Regulatory information
Systemair expanding in AsiaThe ventilation company Systemair invests further in Asia and has inauguratedtwo new assembling plants, in India and in Malaysia. The factory in India wasinaugurated by the Swedish Ambassador, Lars-Olof Lindgren.Systemair India has head office in New Delhi and sales offices in Puna,Bangalore and Colcata, together with the new assembly plant and warehouse inAlwar, not far from New Delhi. In total they employ today 15 persons, from whichthe greater part works with sales and marketing. The newly built assembly plant has an area of 2000 sqm and is meant for assemblyof box fans and axial fans. Systemair Malaysia consists of a sales company and a production company that ismarketing and manufacturing fans for instance for tunnel- and garageventilation. In total 60 employees are now moving into modern, common premisesof 4000 sqm with sales office, production and warehouse.- Systemair Malaysia is hereby a logistic centre for distribution of Systemair'sproducts in Asia, says Svein Nilsen, vice president sales & marketing within theSystemair Group. - We have now good conditions for increased sales of Systemair's total productrange in the region. For further information please contact: Svein Nilsen, vice president sales & marketing, +47 930 627 00,svni@systemair.seGerald Engström, CEO, 	+46 222-440 01, mobile +4670 519 00 01, geen@systemair.seSystemair in briefSystemair is a leading ventilation company with operations in 38 countries inEurope, North America, the Middle East, Asia,Africa and Australia. In the2007/08 financial year, the Company had sales of approximately SEK 3.1 billionand currently employs about 1,960 people. Since it was founded in 1974, theCompany has increased sales every year and at the same time reported anoperating profit. During the past three years, the Company's growth rate hasaveraged roughly 18 percent. The Group comprises about 50 companies.Systemair has well-established operations in growth markets. The Group'sproducts are marketed under the Systemair,Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid CapList of the OMX Nordic Exchange inStockholm since October 2007.