Diversified manufacturer Atlas Copco reported organic sales growth of 19% in the third quarter 2007.
In North America, demand for industrial equipment and related aftermarket products increased. Demand for advanced assembly tools and systems from the motor vehicle industry, however, decreased from the prior year.
The mining industry in North America -particularly Mexico and Canada -remained active with strong increases in demand for drilling and loading equipment as well as for consumables. Demand from the construction market was weaker, but still at a healthy level," Atlas Copco reported.
In South America, the company saw strong growth in Brazil with sales increases in compressors, mining and construction equipment and industrial tools. Demand was also strong in other countries in the region.
In Europe, investments in compressed air equipment and industrial tools from manufacturing and process industries increased. Development in the mining industry was strong while demand for construction equipment leveled off in some countries. The strongest growth in order intake was noted in Eastern Europe and Nordic countries.