SHANGHAI, China, May 10, 2010 (BUSINESS WIRE) -- Regulatory News: Atlas Copco (STO:ATCOA)(STO:ATCOB) 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.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0).
Learn more at www.atlascopco.com.
Atlas Copco's Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium.
This information was brought to you by Cision http://www.cisionwire.com SOURCE: Atlas Copco CONTACT: Atlas Copco Stephan Kuhn, Business Area President, Compressor Technique +32 (0)3 870 2938 or +32 (0)474 881 154 or Daniel Frykholm, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 865 8060 Copyright Business Wire 2010 -0- KEYWORD: China
Sweden
Europe
Asia Pacific INDUSTRY KEYWORD: Manufacturing
Engineering
Natural Resources
Mining/Minerals
Construction & Property
Other Construction & Property SUBJECT CODE: Contract/Agreement