KMT Company receives order from new customer in China

KMT Company receives order from new customer in China The KMT Company, Ursviken, has received an order for an Optima 2000 press brake, one of the largest models manufactured by Ursviken. The customer, Xuzhou Heavy Metal Machinery Works in China, is one of the world's largest manufacturers of mobile cranes and is part of a major industrial group. Recently, Ursviken also received an order for a medium size press brake from Volvo Wheel Loader. In total, the two orders amount to around SEK 16M, scheduled for delivery in 2003. "Ursviken's new strategy implemented early this year - to focus on medium size and large press brakes for customers who will benefit fully from Ursviken's leading edge technology, is now beginning to generate results", says Björn Kumlin, President and CEO of KMT. "We are also pleased to note the continued positive sales trend for Ursviken in the Chinese market." For further information, please contact: Björn Kumlin, President and CEO of Karolin Machine Tool AB Tel +46 8 594 211 50 / +46 70 587 26 60 e-mail: bjorn.kumlin@kmt.se Torwald Olsson, President of Ursvikens Mekaniska Verkstads AB Tel: +46 31 338 39 82 / +46 70 338 39 91 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/24/20020924BIT00350/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/24/20020924BIT00350/wkr0002.pdf