Swedish manufacturer Atlas Copco has opened a new plant in Wuxi, China. The plant replaces an old factory and adds capacity. The facility will manufacture diamond bits for regional markets, as well as casing shoes and reaming shells for global markets.
China is one of Atlas Copco's focus markets. Our new manufacturing facility will provide us with a strong base for further growth in the Chinese market as well as a supply support to global markets,"says Björn Rosengren, Business Area President, Construction and Mining Technique.
The new facility belongs to Atlas Copco (Wuxi) Exploration Equipment Ltd in the Atlas Copco Geotechnical Drilling and Exploration division.
At the end of May, Atlas Copco Compressors LLC, in the U.S., purchased Gulf Atlantic Equipment Company in Florida, and Compressed Air Products in Georgia. Both companies were Atlas Copco compressor distributors.
"We see great potential to grow the Atlas Copco Compressor business from the strong base both distributors have developed,"says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. "The acquisitions will clearly bring us closer to our customers in this region and improve our ability to offer them the support that they demand."
The distributors' product offering consists mainly of stationary Atlas Copco compressors. The distributors will keep their names for an interim period and will become part of the southern region within Atlas Copco Compressors LLC, in U.S.