Atlas Copco recently announced it has acquired the remaining 75 percent of shares in its joint venture company Shenyang Ruifeng Machinery Ltd., strengthening its production in China of core components for construction tools.
The transaction between Atlas Copco (China) Investment Co. and Shenyang Rockdrill Co. provides full control over the local production of parts and components for pneumatic rock drills, pneumatic breakers and hydraulic breakers.
“This will allow us to further develop the facility and introduce new products from the Construction Tools division for the fast-growing Asian mar-ket,” says Björn Rosengren of Atlas Copco Construction and Mining Technique. “It supports the establishment of a local competence center for design, development and manufacturing.”
Atlas Copco Transaction
December 1, 2007