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Atlas Copco invests in product development

October 22, 2001

Stockholm, Sweden, October 22, 2001 - - - Atlas Copco’s Compressor Technique business area develops new products that provide considerable savings on energy costs for the customer and reduces the impact on the environment. To increase testing capacity and consolidate its leading position in the market for compressors, Atlas Copco is investing MSEK 100 to extend and modernize its laboratory infrastructure in Antwerp, Belgium.

Today’s opening of the Oil-free Air laboratory, worth MSEK 50, completes the first stage of the investment program. The investment will allow Atlas Copco to speed up its product development program and thereby further strengthen its lead in the international market for compressors. 
The new 2,400m² laboratory is intended for the assembly and testing of prototype compressors. It consists of an assembly hall, 12 test cells, offices for engineers, and technical installations. Already, 11 different development projects are conducting tests in the new facilities. 
New compressor development leads to substantial savings in energy costs for the customer, and to a lessening of environmental impacts. Energy is conserved by high-tech innovations, using variable speed drives, that match the output of a compressor to the actual demand. 
Investment in the new facilities resulted from an urgent need to accommodate external installations in one and the same building and to meet stringent quality assurance regulations with respect to measurement and testing. CONTACT:  Luc Hendrickx, President, Oil-free Air division 
Phone: +32-3-870 22 10, e-mail: luc.hendrickx@atlascopco.com 
Yvonne da Costa, Human Resources Manager, Oil-free Air division 
Phone: +32-3-870 2317 e-mail: yvonne.da.costa@atlascopco.com 
Atlas Copco Airpower nv, headquarters for Compressor Technique, employs about 2,200 people in Wilrijk, Belgium. Besides production, their main activity is research and development in the business area of compressor technology. 
Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden. In 2000, the Group had revenues of MUSD 5,000, with 98 percent of revenues outside Sweden, and about 26,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, and assembly systems and offer related services and equipment rental. More information is available at www.atlascopco-group.com.