Vacon

Vacon is a global manufacturer of variable-speed AC drives for adjustable control of electric motors, and inverters for producing energy from renewable sources. The company has headquarters in Vaasa, Finland.

Vacon Plc
Julkinen osakeyhtiö
Traded asNasdaq Helsinki: VAC1V
IndustryIndustrial goods & services
Founded1993 (as Vaasa Control Ltd)
Headquarters
Vaasa
,
Finland
Area served
Worldwide
Key people
Vesa Laisi (CEO), Panu Routila (Chairman of the Board)
ProductsVariable-speed AC drives
Revenue €403.0 million (2013)[1]
Number of employees
1,596 (2013)[1]
Divisions30 sales offices
Websitewww.vacon.com

Vacon has production and R&D (Research and development) facilities in Europe, Asia and North America, sales offices in 30 countries, and sales representatives and service partners in nearly 90 countries.

The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). In 2013, Vacon’s revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people.

Typically, electric motors are equipped with variable speed AC drives as they help optimize process control and save electrical energy. Vacon has estimated that in 2013 its products helped save approximately 55 TWh of energy. This corresponds to approximately 22 hours of the world's annual electrical energy production. Also, the amount of energy produced from renewable energy sources with Vacon's AC drives was reported to be approximately 22 TWh.[2]

Management
  • President and CEO: Vesa Laisi
  • Executive Vice President, Market Operations (Deputy to the CEO): Heikki Hiltunen
  • CFO: Pia Aaltonen-Forsell, Ann-Louise Brännback (acting)
  • Senior Vice President, Human Resources: Tuula Hautamäki
  • Executive Vice President, Product Operations: Jukka Kasi
  • Secretary of Executive Management Team: Sebastian Linko

Board of directors
  • Chairman: Panu Routila
  • Vice Chairman: Jari Eklund
  • Pekka Ahlqvist
  • Jan Inborr
  • Jari Koskinen
  • Juha Kytölä
  • Riitta Viitala
  • Secretary of the Board: Jaana Klinga

Other

Visit from President Obama

On January 15, 2014, former US President Barack Obama visited Vacon’s R&D facility at the Research Triangle Park in North Carolina. [3] Following a tour of the premises, he gave a speech to students at North Carolina State University where he mentioned how Vacon “is making these engines and these systems more efficient, saving businesses big bucks on energy costs, improving the environment. Those savings get passed on to customers, puts money in people’s pockets. And growing companies that need the products that Vacon makes, they’re benefiting enormously. So it’s a good-news story. But in a global economy, that company, just like every company in America, has to keep inventing and innovating in order to stay on the cutting edge. And that’s where all of you come in.”[4][5]

Stuxnet Virus

Vacon NX frequency converter drives, also known as variable-frequency drives, were one of the two types of converters targeted by the Stuxnet Virus at the Iranian enrichment facility in Natanz, Iran. The worm would search a PLC for the specific identification number, in this case 9500h, that is assigned to the Vacon converter. Once found, the worm would continue to execute. [6]


gollark: I tried with a prompt:> My opinion on apioforms is ~~not real~~<|endoftext|>I think bees have been mostly created.<|endoftext|>Who doesn't save their money? Just buy bees?<|endoftext|>The apioformic database is actually NOT to be tolerated.<|endoftext|>I'll make macron and macron on bees.<|endoftext|>I think this is a separate token for some reason. I'll have to make macron and macron on osmarks.tk.<|endoftext|>I can't really, I don't really like this.<|endoftext|>I'll make macron and then make macron and macron.<|endoftext|>Anyway, I think I should probably make an apioformic database somehow.<|endoftext|>Nim is for wimps.<|endoftext|>I can't tell, however LyricLy is on my phone.<|endoftext|>I don't like this thus no.<|endoftext|><@!2930660666066606666606688> are inescapable cryoapiaristic beeoids.<
gollark: Anyway, I don't have the compute available to do this sort of thing *regularly*.
gollark: That's probably too slow.
gollark: (newlines are because I am copypasting it out of a terminal)
gollark: Further output:> that would be a bit cheaty, but I suppose it could be done.<|endoftext|>I don't know exactly what it was going to involve, but I'm pretty sure it'd be a bit cheaty anyway.<|endoftext|>And there's probably a guide to do that, but I don't know exactly what I'm doing about that is doing it.<|endoftext|>I can't actually read the summary, though.<|endoftext|>No, it's on the roadmap though.<|endoftext|>The next update:> your code is binding and has some bits which aren't signed into my account.<|endoftext|>Not really. It's not going to be hard to make a userscript for it.<|endoftext|>You could also do that.<|endoftext|>It's not a forum thing here.<|endoftext|>The guide's up to the ones below the GDPR, which is neat.<|endoftext|>I'm working on a link-type guide to the actual forum, or something.<|endoftext|>They can't really do much testing, though, though, so you could

References
  1. Vacon’s Financial Statement Bulletin January-December 2013
  2. Vacon helped save 22 hours of global electricity production in 2013
  3. "President Obama to visit Vacon's R&D center in North Carolina". www.businesswire.com. 2014-01-15. Retrieved 2019-12-19.
  4. Remarks by the President on the National Network for Manufacturing Innovation, The White House, 15 January 2014
  5. President Barack Obama visits Vacon
  6. Symantec security response dossier to Stuxnet
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