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ATLKY Atlas Copco (PK)

18.49
-0.40 (-2.12%)
16 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Atlas Copco (PK) USOTC:ATLKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.40 -2.12% 18.49 18.41 18.56 18.60 18.4506 18.49 105,892 21:28:59

Atlas Copco Starts Building New Factory in India

25/08/2023 8:48am

Dow Jones News


Atlas Copco (PK) (USOTC:ATLKY)
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From May 2023 to May 2024

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By Dominic Chopping

 

STOCKHOLM--Atlas Copco said Friday it has begun construction of a new factory in Talegaon, Pune, India that will manufacture air and gas compressor systems for the local market and for export.

The Swedish industrial tool maker said it is investing around 1.4 billion Indian rupees ($17 million) to build a manufacturing plant and office building, with completion expected by the second quarter of 2024.

"We invest further in capacity in India to cater to the growing demand of the Indian and export markets," said Vagner Rego, president of the company's compressor technique business.

"It will enable us to reach new customers and markets and improve lead times."

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

August 25, 2023 03:33 ET (07:33 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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