NewswireToday - /newswire/ -
Stockholm, Sweden, 2011/02/02 - Atlas Copco has decided to invest approximately MRMB 60 (MSEK 60) to build a new research and development center in Nanjing, China, to safeguard the Group’s competitiveness on the Chinese market.
The center will employ approximately 250 people within three years after its completion.
The center will provide Atlas Copco’s Construction and Mining Technique divisions in China with specialist engineering services, laboratories and testing facilities. The new center will focus on engineering specifically for the needs of customers within the Chinese mining and construction industry.
“China is one of our home markets, ” says Björn Rosengren, Business Area President Atlas Copco Construction and Mining Technique. “We are making this investment to strengthen our design and development capacity and offer our Chinese customers a shorter time-to-market for products designed to suit their specific needs.”
The new research and development center is expected to open in October 2011.
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)
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco (atlascopco.com) 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 2010, Atlas Copco had about 33 000 employees and revenues of BSEK 70 (BEUR 7.3).
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.