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Atlas Copco to develop high-speed geothermal drilling technology

10/12/2011 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, October 12, 2011: Atlas Copco Secoroc LLC and Sandia National Laboratories have been awarded MUSD 3.4 (around MSEK 20) by the U.S. Department of Energy (DOE) for a joint research project. The aim is to develop technology that would significantly increase the speed of drilling deep geothermal wells and reduce the cost of investment in this renewable energy source.

Atlas Copco builds new research and development center in China

2/2/2011 8:29 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: Atlas Copco has decided to invest approximately MRMB 60 (MSEK 60) to build a new research and development center in Nanjing, China, to safeguard the Group’s competitiveness on the Chinese market. The center will employ approximately 250 people within three years after its completion.
The center will provide Atlas Copco’s Construction and Mining Technique divisions in China...

The Board of Directors’ proposal for a redemption procedure

2/2/2011 8:24 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: The financial position of Atlas Copco is strong and therefore the Board of Directors proposes to the Annual General Meeting a redemption procedure.
Atlas Copco has generated significant cash flows both during the financial crisis and during the fast growth of 2010. Without jeopardizing the capacity to finance further growth, the Board of Directors proposes to the Annual...

Ronnie Leten comments on Atlas Copco’s Q4 results

2/2/2011 6:20 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: Atlas Copco today reported record profits and continued order growth in the fourth quarter report. All three business areas achieved strong results and operating margins above 20%.
Order intake increased 27% to MSEK 19 374 (15 276), an organic growth of 28%. Revenues increased 22% to MSEK 19 401 (15 942) and operating profit increased to a new record of MSEK 4 007,...

Atlas Copco

2/2/2011 6:12 AM EST  -   Atlas Copco
Interim report on Q4 and full-year 2010 summary

(unaudited)
Record profit and continued order growth

· Order intake increased to MSEK 19 374, organic growth of 28%.
· Revenues increased 22% to MSEK 19 401 (15 942).
· Operating profit increased 64% to MSEK 4 007 (2 450, including restructuring costs of MSEK 80).
· Operating margin at 20.7% (15.4).
· Profit before tax amounted to MSEK 3 920 (2...

Atlas Copco receives mining equipment order in Zimbabwe

2/1/2011 2:30 AM EST  -   Atlas Copco
Stockholm, Sweden, February 1, 2011: Atlas Copco has received an order for mining equipment from Zimplats Holdings Limited, Zimbabwe, valued in excess of MSEK 170.
“This is a key order from Zimbabwe’s mining industry and shows that customers value our sustainable solutions,” says Björn Rosengren, Business Area President Atlas Copco Construction and Mining Technique.
The trial suite and subsequent order total...

Atlas Copco wins Good Design award

1/27/2011 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 27, 2011: Atlas Copco has won the renowned Good Design award for a new design language for its Chicago Pneumatic brand. The Chicago Pneumatic product range includes industrial and vehicle service tools, construction tools, as well as industrial and portable compressors.
The Good Design award is given by the Chicago Athenaeum: Museum of Architecture and Design, and the European Centre...

Atlas Copco acquires cryogenic pump business

1/24/2011 2:30 AM EST  -   Atlas Copco
Stockholm, Sweden, January 24, 2011: Atlas Copco Mafi-Trench LLC, USA, has signed an agreement to acquire the pump business from J.C. Carter LLC, headquartered in California, USA.
J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction...

Atlas Copco’s Q4 report and conference call on February 2

1/19/2011 4:13 AM EST  -   Atlas Copco
Stockholm, January 19, 2011: Atlas Copco will publish its Q4 results on Wednesday, February 2 at approximately 12:00 PM CET. A combined conference call and presentation for investors, analysts and media will be held at 3:00 PM CET.
The presentation will be held at Operaterassen, Stockholm, Sweden.
Participating from Atlas Copco will be Ronnie Leten, President and CEO, and Hans Ola Meyer, CFO. The meeting will...

Atlas Copco is considering relocating manufacturing of light compaction equipmen...

1/11/2011 4:03 AM EST  -   Atlas Copco
Stockholm, Sweden, January 11, 2011: Today Atlas Copco initiated negotiations with unions regarding a plan to relocate production of light compaction equipment from Ljungby, Sweden, to Rousse, Bulgaria, affecting 69 employees in Sweden.
“Atlas Copco continuously reviews the manufacturing set-up to assure the Group’s competitiveness. The considered plan is in line with our ambition to constantly improve the...