November 3, 2008
Atlas Copco Wins Rock Reinforcement Order From LKAB in Sweden
Atlas Copco (STO:ATCOA)(STO:ATCOB) has won an order to supply the mining company LKAB with equipment for rock reinforcement, to increase safety at its mines in Kiruna and Malmberget, Sweden. The value of the order, which includes an extensive service agreement, is about MSEK 140.The order was received in the fourth quarter. The full service agreement runs for three years and will guarantee availability for all units.
LKAB will use the equipment to implement an action plan for strengthening safety in the mines, which will be reinforced with 400 000 complementary bolts and 300 000 square meters of wire mesh.
"We have a very close cooperation with LKAB regarding safety and are pleased to be able to contribute in achieving maximum safety for our colleagues who work in the mines," says Bjorn Rosengren, Business Area President, Atlas Copco Construction and Mining Technique. "The functionality of our equipment, time of delivery and local service capabilities were strong arguments in winning this order."
The contract includes 10 Boltec LC rock-bolting rigs, one Boomer E2 C rig for bolt-hole drilling and one Cabletec LC for cable bolting. The equipment will be delivered during the first half of 2009.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com.
Atlas Copco Underground Rock Excavation is a division within Atlas Copco's Construction and Mining Technique business area. It develops, manufactures, and markets a wide range of tunneling and mining equipment for various underground applications worldwide. The division focuses strongly on innovative product design and aftermarket support systems, which give added customer value. The divisional headquarters and main production center is in Orebro, Sweden.
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