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Atlas Copco Invests in Indian Expansion - Atlas Copco has decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years
Atlas Copco Invests in Indian Expansion

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2011/05/13 - Atlas Copco has decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years.

   
 
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The investment of about MSEK 160 will also serve to broaden the product offering to customers in India.

Atlas Copco (India) Limited in April signed an agreement to acquire a plot of land near Pune, where building of the new factory will begin later this year. Construction will be completed in the second half of 2012. The new facility will produce stationary industrial compressors and portable compressors, while Atlas Copco’s existing plant in the Pune area will focus on production of large oil-free and oil-injected compressors.

“The outlook for India’s economic development is very good and we now have an excellent opportunity to significantly increase production capacity in the country, with a modern facility and efficient logistics,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.

Atlas Copco, which employs about 1 800 people in India, currently manufactures compressed air equipment at the plant in Pune while construction and mining products are manufactured in Nasik and Hyderabad. The Group also has engineering centers located in Pune and in Bangalore, supporting the development of products in India and globally.

“There will be a continuous need for investments in design and development as we continue developing products that are adapted for the Indian market. We expect to double the size of Compressor Technique’s Global Engineering Center (Gecia) in India over the next three years,” says Stephan Kuhn.

For further information please contact:
• Stephan Kuhn, Business Area President, Compressor Technique
T: 32 (0)3 870 2938 or 32 (0)474 881 154

Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had about 33 000 employees and revenues of BSEK 70 (BEUR 7.3).

Atlas Copco’s Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Invests in Indian Expansion

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Atlas Copco |
Contact: Daniel Frykholm - AtlasCopco.com 
+46 (0)8 743 8060 media[.]se.atlascopco.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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