Atlas Copco inaugurates new production facility in China
Stockholm, Sweden, November 13, 2010: Today Atlas Copco inaugurates a new production facility in China. The new facility will provide assembly and packaging for the Group’s entire range of gas and process turbocompressors and turboexpanders, as well as engineering and aftermarket services.
The new factory - Atlas Copco’s first factory in Eastern Asia for this product range - is equipped with the most advanced technology available for turbocompressor production. The new facility will comply with the highest industry standards, (ISO 9001, ISO 14001 and OHSAS 18001) as well as local standards.
The investment for the plant, located in Shanghai Lingang Economic Development Zone, amounts to approximately MSEK 100 (MRMB 100). The facility is expected to employ over 150 people by 2012.
“This new plant is important to strengthen the presence and position of our Gas and Process operation in Asia ,” says Stephan Kuhn, Business Area President of Atlas Copco Compressor Technique. “It will enable us to cultivate the vast potential of the Asian market and will also bring us closer to our many customers in the region.”
Atlas Copco’s turbocompressors and turboexpanders have applications in many industries including air separation, chemical/petrochemical and natural gas. The new production facility will benefit customers in all of these industries by improving overall efficiency in order handling, packaging and engineering and also by increasing the Groups’s aftermarket presence throughout the region.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
+32 (0)3 870 2938 or +32 (0)474 881 154
Love Liman, Acting Media Relations Manager
+46 (0)8 743 8060 or +46 (0)73 318 8060
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0). Learn more at www.atlascopco.com.
Atlas Copco’s Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium. More information is available on www.atlascopco.com.