NewswireTODAY - /newswire/ - Nacka, Sweden, 2023/08/25 - Atlas Copco Group has begun construction of a new manufacturing facility in Talegaon, Pune, India.

Atlas Copco’s new factory in Talegaon will manufacture air and gas compressor systems for the local market, and for export. It encompasses a manufacturing plant and office building of approximately 25,000 m2. Atlas Copco is investing around MINR 1400 (approximately 180 MSEK).

The new facility is planned to be completed by Q2, 2024. It will generate additional employment for over 200 people and add production capacity.

“We invest further in capacity in India to cater to the growing demand of the Indian and export markets,” said Vagner Rego, Business Area President, Compressor Technique. “This expansion project is part of our strategy to remain first in mind, first in choice for our customers. It will enable us to reach new customers and markets and improve lead times.”

At the Talegaon facility, around 80% of the energy will come from solar panels and 75% of the water consumed will be derived from rainwater harvesting. The construction will be in line with the LEED (Leadership in Energy and Environmental Design) concept. 

Atlas Copco Group

Great ideas accelerate innovation. At Atlas Copco (atlascopco.com) we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2022, Atlas Copco Group had revenues of BSEK 141 and at year end about 49 000 employees.

Contact: Daniel Althoff, Vice President Investor Relations
P: +46 76 899 9597 - E: ir[.]atlascopco.com.

Agency / Source: Atlas Copco AB

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