NewswireToday - /newswire/ -
Stockholm, Sweden, 2010/12/20 - Atlas Copco AB has decided to invest approximately MSEK 450 (MEUR 50) to expand production capacity of rock drilling tools in Fagersta, Sweden, to meet the demand from the mining and construction industries.
The investment in modern machine technology will increase the capacity and create around 70 job opportunities locally over the coming two to three years.
“This substantial investment in new capacity will enable us to meet the increasing demand from the mining and construction industries,” says Björn Rosengren, Business Area President Atlas Copco Construction and Mining Technique. “The new advanced equipment will increase output and reduce lead times significantly.”
Work on the investment will start immediately and the effects are expected to be realized gradually in 2012 with full effect from 2013.
Atlas Copco’s plant in Fagersta, Sweden, manufactures rock drilling tools to supply complete drill strings for the global mining and construction markets.
For further information please contact:
• Björn Rosengren, Business Area President, Construction and Mining Technique +86 1370 1966 816 (Chinese mobile) or +46 (0)70 417 8502 (Swedish mobile)
• Love Liman, Acting Media Relations Manager / T: +46 (0)8 743 8060 or +46 (0)73 318 8060
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0).
Atlas Copco’s Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, mobile crushers and screeners, drill rigs and equipment. It innovates for superior productivity in surface and underground rock excavation, exploration drilling, rock reinforcement, ground engineering, water well, oil and gas drilling, and compaction and paving equipment worldwide. The business area has its principal product development and main manufacturing units in Sweden and the United States.