Atlas Copco Wins Equipment Order for Russian Olympic Infrastructure.STOCKHOLM, Sweden -- Regulatory News: 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) has won an order to supply drill rigs and related equipment for the building of road and rail tunnels connecting sites at the 2014 Olympic Winter Games
MSEK Million Swedish Kroner 110). The order, from the Russian construction company Bamtonnelstroy, will be booked in the first quarter and includes tunneling rigs, remote controlled surface drilling rigs, as well as rock drilling tools and equipment for reinforcing the tunnels. The first deliveries will take place during the spring. "We are proud to have been picked for a project that puts such high demands on the productivity and reliability of the equipment," says Bjorn Rosengren, Business Area President, Atlas Copco Construction and Mining Technique. "Our extensive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. organization in Russia, including the Sochi region, was another key factor in winning the order." Atlas Copco's equipment will be used in the construction of a new highway and railroad between the Adler resort in the Sochi district and the Rosa Khutor Olympic ski resort. "The Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. in Sochi are a unique event, supporting the construction sector in the region, but we see good opportunities also in other parts of Russia, where government stimulus packages are now being implemented to counter the weak economic climate," Bjorn Rosengren says. Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act. 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 and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com. Atlas Copco's Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This information was brought to you by Cision http://www.cisionwire.com |
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