KMT-company receives large order from new US customer

KMT-company receives large order from new US customer Lidköping, one of the subsidiaries of KMT, listed on the Swedish Stock Exchange, recently received a large order from a new customer within the American automotive industry. The customer is one of the leading developers and manufactures of components and systems for different kinds of vehicles. This is historically one of the largest orders for Lidköping, consisting of complete systems and surrounding equipment for high-precision grinding. "Getting an order of this magnitude from a new client in the US proves that our products can compete on the world market when it comes to technical level and process solutions as well", says Johan Westberg, President at Lidköping. "We have targeted on the American automotive industry for some time and now we are getting results", comments Björn Kumlin, CEO of the KMT Group. For further information, please get in touch with: Björn Kumlin, CEO, Karolin Machine Tool AB Tel +46 8 594 211 50 / + 46 70 587 26 60 e-mail: bjorn.kumlin@kmt.se Johan Westberg, President, Lidköping Machine Tools AB Tel: +46 510 880 00 / +46 70 558 82 98 e-mail: johan.westberg@lidkoping.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/17/20020917BIT00110/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/17/20020917BIT00110/wkr0002.pdf