August 6, 2007
Stockholm, Sweden, August 6, 2007: Atlas Copco will invest about MSEK 160 (MEUR 17) to expand its site in Cologne, Germany, the company's main production facility for turbo compressors and expansion turbines. The initiative is aimed at cutting delivery times to customers and increasing production capacity.
The capacity expansion, which supports the Atlas Copco Gas and Process division in meeting growing demand for large compressors, will be achieved through extending production and test facilities, office and warehouse spaces, and improving the production flow of the factory. It adds to ongoing substantial investments in high-tech machinery and will be completed in 2009."With a market that is currently very strong, this investment will help us meet both the present and future needs of our customers," says Ronnie Leten, President of Atlas Copco's Compressor Technique business area."By investing into our German hub, we further strengthen our design and manufacturing expertise, leading to a higher degree of flexibility."
Atlas Copco's Gas and Process division supplies custom-made compressors and expanders for air separation, gas-fired power stations, liquid natural gas applications and petrochemical companies. It won a record number of orders in 2006, helped by strong demand from Asia and the Middle East. During the second quarter of 2007, the division delivered the biggest compressor ever built by Atlas Copco, weighing 200 tons.
Ronnie Leten, Business Area President, Atlas Copco Compressor Technique
+32 (0)3 870 2938 or +32 (0)477 222 685Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)708 65 8060