Atlas Copco Wins Order in Turkey for High-Speed Train Tunneling Project.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. has received an order in Turkey to supply tunneling tunneling, quantum-mechanical effect by which a particle can penetrate a barrier into a region of space that would be forbidden by ordinary classical mechanics. equipment to the Cengiz-IC Ictas-Belen consortium, which is building a high-speed train railway between Ankara and Istanbul. The contract is valued at about MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 94 (MEUR MEUR Million Euros 10). The order was booked in the fourth quarter and includes 13 tunnel drilling rigs and two surface crawler Also known as a "Web crawler," "spider," "ant," "robot" (bot) and "intelligent agent," a crawler is a program that searches for information on the Web. Crawlers are widely used by Web search engines to index all the pages on a site by following the links from page to page. rigs, which will be used for the second phase of the high speed train project. The equipment will be used for excavation of 39 kilometers of tunnel in 40 different locations. Upon completion in 2010, the new railway will more than halve halve tr.v. halved, halv·ing, halves 1. To divide (something) into two equal portions or parts. 2. To lessen or reduce by half: halved the recipe to serve two. 3. the travel time between Ankara and Istanbul to approximately 3 hours. "The productivity and reliability of our equipment was essential in winning this order and we are proud of the strong relationship we are building with Cengiz-IC Ictas-Belen," says Bjorn Rosengren, President of Atlas Copco's business area Construction and Mining Technique. "This project highlights the increasing importance of global infrastructure development for the growth of our business." The contract also includes orders from IC Ictas and Cengiz for drill rigs and load handling equipment to be used in other projects. Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 09:00 on December 7, 2007. 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 2006, Atlas Copco had 25 900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at www.atlascopco.com. Atlas Copco Underground Rock Excavation is a division within Atlas Copco's Construction and Mining Technique business area. It develops, manufactures, and markets a wide range of tunneling and mining equipment for various underground applications worldwide. The division focuses strongly on innovative product design and aftermarket support systems, which give added customer value. The divisional headquarters and main production center is in Orebro, Sweden. This information was brought to you by Cision http://newsroom.cision.com |
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