Atlas Copco Airpower Celebrates 50 Years of Success.STOCKHOLM, Sweden -- This year marks 50 years since Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. (STO:ATCOA) (STO:ATCOB) made a major expansion of its compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve business and accelerated its journey towards worldwide leadership in compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. . It is also 50 years since Atlas Copco took its current name. In 1956, Atlas Diesel acquired compressor specialist, Arpic Engineering SA, Antwerp, Belgium. The same year, Atlas Diesel took its present-day name, Atlas Copco, an abbreviation abbreviation, in writing, arbitrary shortening of a word, usually by cutting off letters from the end, as in U.S. and Gen. (General). Contraction serves the same purpose but is understood strictly to be the shortening of a word by cutting out letters in the middle, of Compagnie Pneumatique Commerciale, thereby highlighting the company's increased focus on compressed air. With the successful acquisition of Arpic Engineering, Atlas Copco gained access to larger production facilities and increased its competence in portable compressors. During the 1960s, the major part of Atlas Copco's existing compressor manufacturing was transferred to the workshops in Belgium. Today, Atlas Copco's Airpower air·pow·er or air power n. 1. The organized, integrated use of aircraft and missiles for purposes of foreign policy, strategy, operations, and tactics. 2. The tactical and strategic strength of a country's air force. facility in Belgium is the world's largest and most advanced manufacturing site for both portable and stationary compressors, employing around 2 600 people. It is the head office of Atlas Copco's business area Compressor Technique, which had revenues in 2005 totaling MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 20 672. Says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique, "We are proud that Atlas Copco is celebrating the 50th anniversary of Atlas Copco Airpower as a leader in compressed air. We look forward to many more exciting developments in the years to come." Today, Atlas Copco Airpower is hosting the Atlas Copco AB Board. It is also welcoming dignitaries from the local academic, political and economic community to celebrate the Company's important milestones. 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 Aftermarket See: Secondary market. aftermarket See secondary market. and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR MEUR Million Euros 5 600). Learn more at www.atlascopco.com. Atlas Copco's Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air (Physiol.) the air which under ordinary circumstances does not leave the lungs in respiration. See also: Stationary compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium. More information is available on www.atlascopco.com This information was brought to you by Waymaker http://www.waymaker.net |
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