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April 30, 2010
Stockholm, Sweden, April 30, 2010: Atlas Copco will be present at the World Expo 2010 in Shanghai, China, as an official partner of the Swedish pavilion. The Group will meet customers, business partners, investors and media at the Expo during May 5-10, highlighting how it offers sustainable productivity in and for China.
Atlas Copco, a world-leading supplier of compressors, construction and mining equipment and industrial tools, has grown rapidly in China and had revenues last year of about BSEK 7 in the country. The number of employees has increased in the past decade from 500 to around 3 700, and the share of products manufactured in China has doubled. Today the Group is represented in 110 cities and by seven brands. To further support this development, the management of the Construction and Mining Technique business area and the Oil-free Air division are now relocating to Shanghai from Europe.
“China has recently become Atlas Copco’s biggest market and in 2010, we expect to launch more products than ever before that have been developed in China for the requirements of local customers,” says Ronnie Leten, President and CEO of the Atlas Copco Group. “In keeping with the theme of the World Expo – Better City, Better Life – we look forward to sharing more about how Atlas Copco can support future growth by innovative products and solutions that increase productivity in a sustainable way.”
Products which have been or will be launched in China during 2010 include a compact, silent and energy efficient compressor and a surface drill rig for use in construction and quarries.
Visitors to the Swedish pavilion at the Expo will in the exhibition see Atlas Copco’s vision of the silenced drill rig of the future; offering increased productivity, high mobility and minimal environmental impact.
Atlas Copco will hold a press conference on May 9 (the 60th anniversary of Sweden’s diplomatic relations with China) with presentations by Ronnie Leten and Magnus Gyllö, Vice President of Atlas Copco (China) Investment Co. Björn Rosengren, President Construction and Mining Technique, and Chris Lybaert, President of Oil-free Air, will also be available for questions.
For further information please contact:
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.