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Atlas Copco Sets up New Production Facility in China


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© Business Wire 2009
2009-12-17 08:36:18 -

Regulatory News.

Atlas Copco has begun construction of a new production facility in China for its Gas and Process division. Investing more than MSEK 100 (more than 10 MEUR) in the project, the division is strengthening its presence in the Asian market and positioning itself for future growth in customer segments such as the chemical/petrochemical, air separation industries, and other applications.

The facility, to be completed and operational in late 2010, is located in Shanghai and will serve China and other countries in the region.

Atlas Copco will assemble and package its entire range of turbocompressors and expansion turbines at the new facility, improving overall efficiency in packaging, order handling, as well as its aftermarket presence.

“China, Korea, Japan and Southeast Asia are

markets with vast potential for turbomachinery solutions. Producing closer to the customer will help us be more efficient across the board, from purchasing of components all the way to the aftermarket,” says Stephan Kuhn, Business Area President of Atlas Copco Compressor Technique.

As part of the investment initiative, Atlas Copco Gas and Process will also implement all relevant quality standards at the plant, including ISO certifications and necessary local standards.

Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity.

Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com : .

Gas and Process is a division within Atlas Copco’s Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany.

This information was brought to you by Cision www.cisionwire.com :

Atlas CopcoStephan Kuhn, Business Area President, Compressor

Technique+32 (0)3 870 2938 or +32 (0)474 881 154orDaniel

Frykholm, Media Relations Manager+46 (0)8 743 8060 or +46 (0)70

865 8060


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