Mumbai, Maharashtra India (PressExposure) September 12, 2011 -- Atlas Copco (India) Limited has acquired a plot of land at Chakan, Pune, where building of the new factory has started. Construction will be completed in the second half of 2012. The new facility will produce stationary industrial compressors and portable compressors, while Atlas Copco's existing plant in Dapodi, Pune will focus on the production of oil-free compressors.
"The outlook for India's economic development remains good and we now have an excellent opportunity to significantly increase production capacity in the country, with a modern facility and efficient logistics," says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.
Atlas Copco, which employs about 2300 people in India, currently manufactures compressed air equipment at one plant in Pune-Dapodi, while construction and mining equipment are manufactured in Nasik and Hyderabad. The Group also has engineering centers located in Pune and in Bangalore, supporting the development of products in India and globally.
Atlas Copco foresees strong growth in compressors in all industries where it is present, including oil and gas, power generation, heavy industries (such as cement and steel), infrastructure, chemical and pharmaceutical industry, along with broad general manufacturing industrial sector.
Atlas Copco holds a press conference on September 13 with presentations on the innovations in compressors in the presence of Stephan Kuhn, Business Area President Compressor technique, Chris Lybaert, President Oil-free Air division, Peter Wagner, President Gas and Process division and Filip Vandenberghe, Managing Director, Atlas Copco (India) Limited. The presidents will also be available for questions.
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 170 countries. In 2010, Atlas Copco had about 33 000 employees and revenues of BSEK 70 (BEUR 7.3).
Atlas Copco's Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
Atlas Copco (India) Limited started operations in 1960, and has 22 offices across India, the registered office being at Pune. In 2010, Atlas Copco (India) Ltd. had about 1 800 employees and revenues of INR 1 700 cr. Learn more at [https://www.atlascopco.in].