NewswireToday - /newswire/ -
Stockholm, Sweden, 2015/09/22 - Atlas Copco, a leading provider of sustainable productivity solutions, today formally inaugurates a manufacturing facility for Edwards vacuum and abatement solutions in Qingdao, China - EdwardsVacuum.com.
Edwards, the vacuum solutions business that became part of the Atlas Copco Group in 2014, uses the Qingdao facility as its global base for the manufacture of rotary-vane and liquid-ring vacuum pumps. Vacuum is used in a wide variety of industrial applications and manufacturing processes to create clean, particle-free environments.
“This state-of-the-art manufacturing facility lets us be close to our customers in China so that we can help them increase their productivity through our innovative vacuum and abatement solutions,” said Atlas Copco President and CEO Ronnie Leten, who is present in Qingdao for the Grand Opening. “This is key to our continuous effort to expand our business in high-growth regions.”
Atlas Copco, through Edwards (edwardsvacuum.com), is investing about MUSD 40 (MSEK 330) over three years in the plant. The investment covers land purchase, construction of the factory, office space as well as application and development labs.
The facility supports the local Qingdao community by initially providing about 200 jobs.
About Atlas Copco
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees.