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April 19, 2017
Stockholm, Sweden, April 19, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, today inaugurates an expanded manufacturing plant in India that will further boost productivity for mining customers.
Atlas Copco has invested MINR 800 (MSEK 110) in the expansion of the factory in Hyderabad, India, doubling its capacity. The plant manufactures drilling consumables for surface mining applications. The expansion of the plant, which already employs some 200 people, will generate employment for about 35 additional people.
“The expanded factory will strengthen our delivery process, enhancing productivity for our customers globally,” said Helena Hedblom, President of Atlas Copco’s Mining and Rock Excavation Technique business area. “It will also ensure development of competitive products at a faster pace.”
The new facility includes a world-class R&D test center for rock drilling products, enabling Atlas Copco to further increase customers’ competitiveness.
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Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2016, Atlas Copco had revenues of BSEK 101 (BEUR 11) and about 45 000 employees.
Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.