Atlas Copco to Increase Manufacturing Capacity for Screw Compressor Elements.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)(STO:ATCOB) is to expand the manufacturing capacity of its facility in Antwerp, Belgium, which produces screw 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 elements. The investment has a value of MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 60 (MEUR MEUR Million Euros 6.5). The demand for screw compressors has been showing a solid and sustained growth for all brands within Atlas Copco's Compressor Technique business area during the past years. At the same time, the introduction and market acceptance of new compressor elements and new compressor types has further boosted the demand. "To be able to meet the high demand for screw compressors, we will further increase the manufacturing capacity of 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. plant in Antwerp in Belgium," says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. The investment consists of a number of highly automated machine tools for manufacturing the core components of screw compressors. The installation of the new machines is expected to be completed in mid 2007. The production facility where the investment is being made is part of the Airtec division within Atlas Copco's Compressor Technique business area. The investment will create 12 new job opportunities. 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. Airtec is a division within Atlas Copco's Compressor Technique business area. It develops and manufactures compressor elements and core parts exclusively for use in Atlas Copco's oil-free and oil-injected screw compressors, tooth and turbo compressors. Airtec's headquarters, high tech laboratories and production center are located in Antwerp, Belgium. This information was brought to you by Waymaker http://www.waymaker.net |
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