LAROX CORPORATION COMPANY RELEASE
Larox Group parent company Larox Corporation and its German subsidiary Larox
GmbH have granted a Malesian Pan-Merchant Industries (PMI) a licence right to
use HOESCH horizontal filter presses trademark. The licence right includes
filter presses and chamber filter presses which fulfil Larox’s design and
manufacturing quality requirements and which PMI will manufacture. Licence right
is worldwide but limited to palm fruit and oil refining applications and edible
oil applications. Approx. 50% of world palm oil is produced in Malesia. The
second biggest producer is Indonesia with a 40 % share and the rest of producers
with approx. a 10 % share.
“The current filter demand within industry utilizing palm fruit is very healthy
for instance because palm oil is refined to biodiesel. With the signed agreement
the parties aim at utilizing the well-known Hoesch trademark in the palm oil
industry and offering filters to their clients at a more competitive price than
before”, says Mr Toivo Matti Karppanen, President & CEO of Larox Corporation.
PMI is a Malesian family company, which manufactures filter presses and chamber
filter presses and works in contract manufacturing. Larox has cooperated with
PMI related to palm fruit and its oil refining applications for over twenty
years. PMI has offices in Malesia and Indonesia.
Palm oil is, in addition to soya oil, one of the widest used vegetable oils.
Palm oil (from fruit) and palm kernel oil (from seeds) are produced from palm
fruit. Other important plants used in vegetable oil production are olive tree,
maize, rape and different nut plants such as peanut. Vegetable oil is among
other things used in cooking, soap manufacturing industry and dissolvent in
paints and increasingly as fuel(biodiesel).
Lappeenranta on 21 February 2007
for Larox Corporation
Toivo Matti Karppanen
President & CEO
For more information:
Tel +358-5-668811
Email: topi.karppanen@larox.com
Distribution: Helsinki Stock Exchange
Central Media, www.larox.com