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Atlas Copco buys Chinese rock drilling tools business

3/5/2013 3:15 AM EST  -   Atlas Copco
Stockholm, Sweden, March 5, 2013: Atlas Copco (China) Investment Co,. Ltd. has acquired 75% of Shandong Rock Drilling Tools Co., Ltd., a leading Chinese supplier of rock drilling tools. The acquisition strengthens Atlas Copco’s position in the local market in mining and construction consumables.
Shandong Rock Drilling Tools had sales in 2012 of MRMB 393 (MSEK 420) and 687 employees. The company, located in the...

Atlas Copco restructures in South Africa

3/4/2013 3:15 AM EST  -   Atlas Copco
Stockholm, Sweden, March 4, 2013: Atlas Copco’s Rock Drilling Tools division will reorganize the production at its factory in Springs, South Africa. This will affect 109 employees.
During the past few years, Atlas Copco’s Rock Drilling Tools division has made significant investments in new production equipment at its manufacturing facilities in Fagersta, Sweden. The purpose of these investments has been to...
Ronnie Leten
 

Ronnie Leten comments on Atlas Copco’s Q4 and full-year results

1/31/2013 6:01 AM EST  -   Atlas Copco
Stockholm, Sweden, January 31, 2013: Atlas Copco today reported solid operating profit, revenue and orders received for the fourth quarter, even as equipment demand continued to soften in many markets and customer segments. The Group posted a record year for 2012.
“A good quarter ended a record year,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “We continue to perform well despite the mixed...

Atlas Copco interim report on Q4 and full-year 2012 summary

1/31/2013 6:00 AM EST  -   Atlas Copco
(unaudited)
A good quarter and a record year

· Order intake decreased to MSEK 21 101, organic decline of 2%
· Revenues increased to MSEK 22 748 (22 290), organic growth of 4%
· Operating profit increased 2% to MSEK 4 687 (4 596)   
-   Including restructuring costs of MSEK 65 (125) and a negative effect of 
    MSEK 127 (116) for share-related long-term incentive programs
· Operating margin at 20.6%...

Atlas Copco wins large orders for mining equipment in Latin America

12/28/2012 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, December 28, 2012: Atlas Copco has won two large orders from mining customers in South and Central America, worth a total MUSD 30 (MSEK 210). One is from Minera Panama to deliver drilling equipment and related services for the Cobre Panama open pit copper project. In Venezuela, Atlas Copco has won an order from the Minerven gold mining corporation.
Minera Panama, a subsidiary of Canada’s...

Atlas Copco acquires U.S. manufacturer of drill bits

9/25/2012 9:00 AM EST  -   Atlas Copco
Stockholm, Sweden, September 25, 2012: Atlas Copco Secoroc LLC has agreed to acquire U.S. based NewTech Drilling Products, LLC.  The acquisition adds a new type of high-quality product to the Swedish industrial group’s offering for mining and oil and gas drilling.
Based in Salt Lake City, Utah, NewTech develops and manufactures drilling products with a focus on rotary PDC (polycrystalline diamond compact) drill...
Parks Industries Transducer Cylinder
 

Gripping Stuff: Penny + Giles Supplies ICT Sensor for Ore Dumping Units

9/12/2012 8:30 AM EST  -   Penny + Giles Controls Ltd
Christchurch, UK – 06 September 2012 – With regional support from its Australasian distributor Control Devices, Penny + Giles – a business unit of Curtiss-Wright Controls and designer and manufacturer of position sensors, solenoids, and joystick controllers – is supplying its ICT100 in-cylinder linear displacement transducers to Australian mining equipment specialist Parks Industries, who specialise in the...

Ronnie Leten comments on Atlas Copco’s Q1 results

4/27/2012 5:01 AM EST  -   Atlas Copco
Stockholm, Sweden, April 27, 2012: Atlas Copco today reported continued strong order growth for the first quarter and said near-term demand is expected to remain at the current high level.
Orders received increased 10% organically to MSEK 24 827 while revenues grew 17% organically to MSEK 22 254. The operating profit was MSEK 4 604 (3 987), corresponding to a margin of 20.7% (21.9).

“We achieved good growth...
Aitik-PV351E-001-0908042
 

Atlas Copco awarded large mining order in South Africa

4/19/2012 3:10 AM EST  -   Atlas Copco
Stockholm, Sweden, April 19, 2012: Atlas Copco has received one of its largest orders ever in South Africa, to deliver Pit Viper 351 blasthole drilling rigs for a value of around MSEK 250 to Kumba Iron Ore, a unit of Anglo American.
The equipment will be supplied to the Sishen Mine in Kathu, northwest South Africa. The units are scheduled to be delivered from July 2012, and the last unit should be introduced...

Atlas Copco completes acquisition of GIA

1/31/2012 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 31, 2012: Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB.
The acquired business has 113 employees and annual revenues of about MSEK 230. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles, continuous loaders and...