Atlas Copco announces expansion, unveils new compressors

Pune, October 3, 2016: Atlas Copco, a world-leading provider of sustainable productivity solutions --today announced it is doubling the capacity of its manufacturing plant in Hyderabad and launching three new locally produced compressor products to further improve service to the Indian market.

(L-R): Rakesh Nyamagoudar, Product Marketing Manager, Industrial Air, Atlas Copco Product Company Chakan; Frederic Genestout, General Manager, Atlas Copco Product Company Chakan; Ronnie Leten, President and CEO of the Atlas Copco Group; Giovanni Valent, Managing Director, Atlas Copco (India) Ltd.; B.C. Amith, Product Manager – Portable Energy, Atlas Copco Product Company Chakan.

Atlas Copco will invest 70 crore to double the manufacturing capacity at its new Hyderabad plant. The expansion will be completed by year-end and the plant will be fully operational by March 2017. The project will set up a world-class R&D test centre for the company’s rock drilling products, enabling Atlas Copco to truly help its Indian customers increase their productivity. Atlas Copco is designing in India to meet the specific needs of its local customers, who represent virtually all aspects of the Indian economy. The expansion at the plant will generate employment for about 35 people.

In the coming months, the Hyderabad plant is scheduled to introduce new products such as rotary products for oil and gas application, products for hard metal mining, and innovative deep hole drilling machine to cater to Indian and African markets.

“Atlas Copco has manufactured in India for 56 years. We intend to take further collaborative steps in line with the Indian government’s ‘Make in India’ initiative. This will better allow us to help our clients in India boost productivity with optimum equipment solutions. We are continuously striving to deliver high-technology solutions that help our customers enhance productivity, meet manufacturing goals and achieve their business objectives.”

Ronnie Leten, Atlas Copco President & CEO

In a separate development, Atlas Copco President & CEO Ronnie Leten announced the launch of three new locally produced compressors Electric Portable Compressor, XRHS65 Compressor, and VSD+ ranging from 7 kW to 37 kW.

Domestic production of these compressors will lead to quick and reliable delivery, further assisting Atlas Copco’s many customers in India.

The compressors come with a host of new features, such as 50 per cent energy savings, revolutionary technology with a vertical built drive train, 55 per cent lower carbon footprint, condensate prevention cycle, oil cooled motor and minimum noise levels.

Earlier this year, Atlas Copco launched its 50th Drill Jumbo L2D, for the Indian market, manufactured at its Nashik plant, which was used for one of the prestigious tunneling projects in the country. It was a milestone to manufacture this range in India, which showcases Atlas Copco’s efforts to localise its Indian manufacturing.

Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees. Learn more at
www.atlascopcogroup.com.

Atlas Copco (India) Ltd. started operations in 1960, and has 22 offices across India, the registered office being at Pune. Atlas Copco (India) Ltd. had about 3 000 employees and revenues of INR 3 000 cr (MEUR 402) as on 31st March 2016. Learn more at https://www.atlascopco.in.