Atlas Copco Wins Significant Order in Colombia

Atlas Copco (STO:ATCOA)(STO:ATCOB) has won an order valued at about MUSD 10 (MSEK 70), to supply equipment for the second phase of Colombia’s largest hydropower project, Ituango. The contract is the biggest received by Atlas Copco Colombia in its 26 years of operation.

Atlas Copco will deliver a total 28 machines for underground, surface and exploration drilling, loading as well as stationary and portable compressors. The customer is the CCC Ituango consortium, consisting of Camargo Correa from Brazil, and Conconcreto and Coninsa from Colombia. The order was booked in the fourth quarter and the equipment is to be delivered over the coming year.

"Colombia is an increasingly important market for Atlas Copco and we are pleased to be able to meet local demand for products and services related to infrastructure and civil engineering projects,” said Bob Fassl, Business Area President, Atlas Copco Mining and Rock Excavation Technique.

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 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9). Learn more at www.atlascopco.com.

Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.

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