Atlas Copco Inaugurates New Facility in China.
Atlas Copco (STO:ATCOA) (STO:ATCOB) has today inaugurated a new compressor manufacturing plant in Shanghai, China. The new plant is a part of Shanghai Bolaite Compressor Co., Ltd. and will strengthen the company's offer on the Chinese market.
Based in Jiading District Shanghai, the new production facility will manufacture piston compressors and oil-injected screw compressors below 450 kW. The new facility will not only include production capabilities, but also includes a customer center and a product development facility, employing a total of 265 people.
"We believe our new state-of-the-art facility signals the start of a new phase for the development of the Bolaite brand and will allow us to better service the needs of our clients, and enhance our position in the fast growing Chinese market," says Ronnie Leten, President of Atlas Copco's business area Compressor Technique.
The new facility has been built in accordance with Atlas Copco's standard criteria which include a concept for the basic factory layout and principles for marketing and after-sales services. Atlas Copco also requires environmental certification in compliance with ISO14000 and the new factory is therefore, amongst other things, equipped with an advanced sewage treatment system.
Bolaite was established in 1999 and acquired by Atlas Copco in 2006. Over the years, Bolaite has built up solid sales and service structure, and has an extensive distribution network in China. The company is a part of Atlas Copco Compressor Technique's Industrial Air and Oilfree Division.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
The information was submitted for publication at 08:45 on March 20, 2008. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air 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 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com
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|Article Type:||Company overview|
|Date:||Mar 20, 2008|
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