Atlas Copco Invests in Product Development.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 22, 2001 Atlas Copco's 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 Technique business area develops new products that provide considerable savings on energy costs for the customer and reduces the impact on the environment. To increase testing capacity and consolidate its leading position in the market for compressors, 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. is investing MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 100 to extend and modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. its laboratory infrastructure in Antwerp, Belgium. Today's opening of the Oil-free Air laboratory, worth MSEK 50, completes the first stage of the investment program. The investment will allow Atlas Copco to speed up its product development program and thereby further strengthen its lead in the international market for compressors. The new 2,400m(2) laboratory is intended for the assembly and testing of prototype compressors. It consists of an assembly hall, 12 test cells, offices for engineers, and technical installations. Already, 11 different development projects are conducting tests in the new facilities. New compressor development leads to substantial savings in energy costs for the customer, and to a lessening of environmental impacts. Energy is conserved by high-tech innovations, using variable speed drives, that match the output of a compressor to the actual demand. Investment in the new facilities resulted from an urgent need to accommodate external installations in one and the same building and to meet stringent quality assurance regulations with respect to measurement and testing. Atlas Copco 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. nv, headquarters for Compressor Technique, employs about 2,200 people in Wilrijk, Belgium. Besides production, their main activity is research and development in the business area of compressor technology. Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden. In 2000, the Group had revenues of MUSD 5,000, with 98 percent of revenues outside Sweden, and about 26,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools pneumatic tool (n  măt`ĭk), instrument activated by air pressure. Pneumatic tools are designed around three basic devices: the air cylinder, the vane motor, and the sprayer. , 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. equipment and generators, construction and mining equipment, and assembly systems and offer related services and equipment rental. More information is available at www.atlascopco-group.com. Note to Editors: This press release is also accessible online at www.Waymaker.net. |
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