Elektrobit Group Oyj - A REPRESENTATIVE OFFICE FOR JOT AUTOMATION GROUP PLC IN SINGAPORE
November 12, 1999
A REPRESENTATIVE OFFICE FOR JOT AUTOMATION GROUP PLC IN SINGAPORE
JOT Automation Group Plc has established a representative office in Singapore. The name of the representative office is JOT Automation Group SEA Representative Office. The field of activity of the representative office is the marketing of JOT Automation Group Plc's products and turnkey solutions and coordination of actions in the area of South East Asia.
Mr. Jorma Meronen has been appointed as Director of the representative office beginning January 1, 2000. Earlier Mr. Meronen was employed by the Finland Trade Center of Kuala Lumpur in Malaysia as Commercial Counsel. Mr. Meronen is responsible for actions of JOT Automation Group Plc in Asia beginning January 1, 2000.
'The establishment of the representative office in Singapore is part of our strategy to get a strong market position as electronics industry's equipment and system supplier also in the remarkable market of Asia. The fast recovery of the countries of South East Asia, namely Singapore, Malaysia, Thailand and Philippines, from the recession and the strong taking off of investments creates a very favorable opportunity for actions of JOT in the area', JOT Automation Group Plc's President, CEO Jorma Terentjeff comments. 'Electronics industry is in a very significant and growing position in industrial production and especially in exports in countries of South East Asia. As the countries of the area recover, the raising of the level of automation will be fast. This is due to the increasing salary costs and the need to have more technical and better quality products to the market faster than before. These factors are placing new requirements also to the electronics industry situated in these countries. This offers naturally good markets for JOT's products and turnkey solutions.'
JOT Automation Group specializes in manufacturing and marketing production automa-tion for the electronics industry. The group has subsidiaries in eight countries. On Septem-ber 30, 1999 the group employed 577 people and its net sales from January 1 to Sep-tember 30, 1999 came to 75.4 million euros. The Company's shares are listed in the Hel-sinki Exchanges.
Oulunsalo, Finland November 12, 1999
JOT Automation Group Plc
The Board of Directors
Jorma Terentjeff
President, CEO
