May 10, 2010
Shanghai, China, May 10, 2010: Atlas Copco has this week, during the World Expo in Shanghai, signed several contracts for delivery of compressors to strategically important customers in China, including PetroChina and Yingde Gases Group. The combined order value is above MSEK 100.
“We are proud of the strong relationships we have developed with these and many other customers in China. China is an important market for us, and our many activities at the World Expo in Shanghai will help us to strengthen these relationships even further,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.
PetroChina Company Limited has ordered more than 40 oil-free compressors and dryers for two natural gas pipelines being constructed in China, the West-East Natural Gas Transmission Project and the Shaanxi-Beijing Natural Gas Transmission Project.
Atlas Copco’s Gas and Process division has won a contract from Yingde Gases Group Company Limited to deliver centrifugal compressors for air separation.
Other contracts signed during the World Expo were for portable compressors to customers in the construction industry, and various service contracts. Atlas Copco also confirmed an order from China’s largest beverage company, Hangzhou Wahaha Group Co. Ltd, for nine oil-free compressors to be used for manufacturing PET bottles.
Atlas Copco is present at the World Expo 2010 in Shanghai, China, as an official partner of the Swedish pavilion. During May 5-10, the Group met with customers, business partners, investors and media at the Expo.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
+32 (0)3 870 2938 or +32 (0)474 881 154
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.