Atlas Copco Receives Large Contract for Chinese Chemical and Petrochemical Market.STOCKHOLM, Sweden -- 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) has received a contract from the Chinese chemical and petrochemical market. The customer, Datang Power, has ordered three six-stage turbo compressors to be used in a coal gasification Coal gasification The conversion of coal or coal char to gaseous products by reaction with steam, oxygen, air, hydrogen, carbon dioxide, or a mixture of these. process. The order has an overall contract value of more than MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 118 (MEUR MEUR Million Euros 13). Installed in Inner Mongolia Inner Mongolia Chinese Nei Mongol or Nei-meng-ku Autonomous region (pop., 2002 est.: 23,790,000), China. Stretching some 1,800 mi (2,900 km) across north-northeastern China, it has an area of 454,600 sq mi (1,177,500 sq km); its capital is Hohhot. (China), the three six-stage turbo compressors will be used in a coal-to-olefin application, a process also known as coal gasification. Olefin olefin (ō`ləfĭn) or olefin series: see alkene. olefin or alkene Any unsaturated hydrocarbon containing one or more pairs of carbon atoms linked by a double bond (see is a raw material used to produce plastics. Headquartered in Beijing, Datang Power is one of the largest independent power producers in China, but is also expanding its position in the chemical and petrochemical market. "Conversion technologies such as coal gasification are an emerging market, especially in the Far East. Atlas Copco is a proactive player here and is going to great lengths to meet specific customer application needs," says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. The order was won by the Atlas Copco Gas and Process division within the Compressor Technique business area. The core units will be produced in Cologne, Germany. Packaging will be done in China. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from 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. 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 5 600). Learn more at www.atlascopco.com. Gas and Process is a division within Atlas Copco's Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany. This information was brought to you by Waymaker http://www.waymaker.net |
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