All the latest Exploration Product News (Archives)
Atlas Copco in pole position in the mineral exploration race
2006-11-12
Worldwide growth in mineral exploration has put Atlas Copco in pole position with its strong focus on exploration technique and an impressive portfolio of innovative products. Atlas Copco Craelius, the Group's division for exploration drilling and ground engineering, is reporting record figures for 2006 thanks to the global boom in exploration.
The division is headquartered in Märsta, Sweden, and with manufacturing facilities in North America, Europe, Africa, and Asia. All the plants are currently running at full capacity and forecasts show that the trend will continue, at least for the first half of 2007. Hans Lidén, divisional President, attributes this strong growth to: "Atlas Copco's long-term dedication to the business of exploration and our investment in product innovation which has resulted in one of the strongest product ranges in the market today." Lidén adds that the outlook is also positive for the division's ground engineering sector, which is showing more stable and consistent growth. Innovation in exploration Innovation has been the overriding mission for the Atlas Copco Craelius division since the start of the new millennium and today these efforts are paying off with rapid expansion and modernization of the exploration drilling product range. Another key development is in surface core drilling applications where Atlas Copco's Christensen surface drilling rigs have received considerable market appreciation for their robust and reliable design. A complete Christensen range in place Shortly after it was launched two years ago, the new Christensen CS14 became a standard solution for exploration in remote areas where mechanical reliability is crucial. Now the latest addition to the Christensen range, the Christensen CS10, has brought a new measure of innovation to the light equipment segment. Rated slightly over 1000 metres vertical depth in B size, 760 metres in N size, 460 metres H size and 300 metres P size wireline coring, the CS10 is designed to reduce the total weight of the equipment without compromising productivity or performance. Mounted on a single-axle trailer, the rig can be disassembled in modules for helicopter transportation. The new Diamec U4 completes the Diamec range The new Diamec U4, diamond core drilling rig is a typical case. This unit, launched at last year's PDAC exhibition (Prospectors and Developers Association of Canada) in Toronto, Ontario, reaffirms the Diamec's leadership status in exploration and definition drilling, mainly in underground mining. The unit offers an innovative, compact, hollow spindle rotation unit, featuring fewer components for reduced maintenance costs. A boom, derived from the experiences gained with the larger Diamec U6, enables easy and fast positioning. A telescopic hydraulic cylinder replaces chains or steel ropes on the feed, reducing wear and assuring smoother feeding force. This enhances penetration rates and diamond bit life. Diamec U4 is available both with a manual control system, and with the more sophisticated APC control system (Automatic Performance Control). The APC system makes it a true one-man operating rig that improves the drilling process, increases bit life and saves money for the owner. Fully automatic or pilot-controlled, the Diamec U4 is also expected to radically improve the drilling process in grouting operations in dam projects. Diamec U4 is able to core drill in A, B and N size and, with A size, offers a depth capacity of more than 500 metres. For further information please contact: Federico Scolari, Vice President Marketing - Atlas Copco Craelius division+46 (0)8 587 785 09 or +46 (0)70 310 4788
federico.scolari@se.atlascopco.com
Sara Sjödin, Communications Manager - Atlas Copco Craelius division
+46 (0)8 587 785 07 or +46 (0)70 417 8507
sara.sjodin@se.atlascopco.com
Atlas Copco strengthens its leading role in rock reinforcement
2006-11-12
Worldwide growth in mining activities in combination with an increased presence in civil engineering has put Atlas Copco in pole position
with its strong focus on rock and soil reinforcement. The company's product portfolio, characterized by a wide range of rock bolts and
self-drilling anchors, is designed to meet every ground engineering challenge.
Atlas Copco Craelius, the Group's division for exploration drilling and ground engineering, is reporting record figures for 2006, thanks to the
global boom in exploration and strong sales of equipment for ground engineering.
The division is headquartered in Märsta, Sweden, and with manufacturing facilities in North America, Europe, Africa, and Asia. All the plants are
currently running at full capacity and forecasts show that the trend will continue, at least for the first half of 2007. The outlook is especially
positive for the division's ground engineering sector which is showing more stable, consistent growth.
Hans Lidén, divisional President, attributes this strong growth to: "Atlas Copco's long-term dedication to the business and our investment in
quality, which has resulted in the most reliable and well-reputed rock and soil reinforcement products. Furthermore, our customers highly appreciate
the constant support given by our own customer centers, which provide complete solutions for a large variety of applications, from deep hard rock mining
to tunnelling and slope stabilization."
Quality & Reliability
Quality and product reliability has been the overriding mission for the Atlas Copco Craelius division since the start of the new millennium,
and these efforts are today paying off with a rapid expansion of the product range. Swellex rock bolts, for example, are unique in the field
of rock reinforcement and ground engineering. High pressure water is used to expand the bolt in the hole, a method that has helped Swellex
become the bolt of choice at many mine and tunnel worksites worldwide.
To cope with the increasing demand, a new production plant is to be established in North Bay, Canada, where Atlas Copco is already established
with a factory specialized in drilling rods, ITH tools and diamond bits for mineral exploration. Having excellent transportation and logistics
facilities, North Bay is strategically located to serve the North American mining industry.
The new Swellex plant will have the capacity to manufacture one million bolts per year, mainly for the mining markets of Canada and the USA.
As a result, Swellex will not only expand its market penetration but also its scope, from the traditional field of gold mining such as Val d’Or in
Quebec and the Elko region of Nevada, into new application areas such as the diamond mines of the Northern Territories.
Since 2002, MAI self-drilling anchors have been integrated into the Atlas Copco rock reinforcement package of solutions. Particularly useful in
soft, unstable formations, MAI SDAs have gained the confidence of customers working in a large variety of applications and are now distributed world-wide.
In order to satisfy the constantly increasing demand, a third production line is also being set up to increase the production capacity for these SDAs.
In addition to the present two production lines, this new line is located in Feistritz/Drau, Austria. It is estimated that the company’s present
capacity will expand by some 30 percent in order to meet the growing needs of the worldwide tunnelling and ground engineering market.
The new plant is dedicated to large diameter products (from 38 mm up to the new 150 mm self-drilling micro pile). This will increase the range of
products, expanding into the large diameter self-drilling micropiles – an increasingly appreciated solution for speeding up productivity in foundation
work and stability enhancement projects.
For further information please contact:
Federico Scolari, Vice President Marketing - Atlas Copco Craelius division
+46 (0)8 587 785 09 or +46 (0)70 310 4788
federico.scolari@se.atlascopco.com
Sara Sjödin, Communications Manager - Atlas Copco Craelius division
+46 (0)8 587 785 07 or +46 (0)70 417 8507
sara.sjodin@se.atlascopco.com
Atlas Copco plans to grow its exploration drilling and ground engineering business
2006-09-22
Märsta, Sweden 22 September 2006: Atlas Copco Craelius operations run at full speed presently. The demand for Craelius equipment
for exploration drilling and ground engineering is growing continuously. Hans Lidén, who is the new President of Craelius since the 1st
of September, plans to grow the business even further, extending the present range of products and services.
Presently all of Craelius production units run at full speed. The production capacity and staff in Märsta, outside Stockholm, has
been increased. The division will also increase the production capacity and employ new personnel both at Oy Atlas Copco Rotex AB,
the competence centre for overburden drilling in Tampere, Finland and at Atlas Copco MAI GmbH, the competence center for rock and
soil reinforcement in Feistritz/Drau, Austria. At Atlas Copco Exploration Products, the competence center for mining exploration
drilling tools in North Bay, Ontario, Canada, new extra people are in place and another shift schedule has been added, to meet the
high market demands.
“The Craelius division is an extraordinary success story with a strong and healthy growth. The success is due to a solid strategy
based on innovation, interaction and commitment in order to deliver the most productive equipment for ground engineering and mineral
exploration,” says the new President Hans Lidén.
The current success is also due to recent launches of new products and services. Also the divisions customer service and product focus
have improved by dividing the specific product lines into defined competence centers.
“We have many more new innovations in the pipeline. My plan is to grow even further, extending our present range of products and
services. Also it is one of Atlas Copco´s growth strategies to look for appropriate candidates for strategic acquisitions,” says
Lidén.
Craelius is a division in the Construction and Mining Technique business area within the Atlas Copco Group. Craelius develops,
manufactures and markets equipment for exploration drilling and ground engineering. The headquarters is situated in Märsta outside
Stockholm and the manufacturing units are located in North America, Europe, Africa and Asia.
For Hans Lidén the new job is like coming home. When Hans joined Atlas Copco 1998 he held the position as marketing manager at Atlas
Copco Craelius for three years. He then left the division and went to Atlas Copco CMT Sweden AB, where he was general manager 2002 to
2003. For the last years he held the position as Vice President Marketing at the Construction Tools division.
“Hans has proven leadership skills and has always been able to deliver good results during his seven years in Atlas Copco,” says Björn
Rosengren, President for Atlas Copco Construction and Mining Technique business area.
Hans Lidén has a Master of Business Administration (MBA) from The Lake Forest Graduate School of Management, Lake Forest, IL, USA.
Before Lidén joined Atlas Copco he worked for several companies in the United Stated and in Sweden. In 2001 Hans Lidén received Atlas
Copco's prestigious Peter Wallenberg Marketing and Sales award for innovative use of the internet in marketing.
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 more than 130 years of experience, Atlas Copco innovates
for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2005, Atlas Copco
had 27 000 employees and revenues of BSEK 53 (MEUR 5 600).
For more information visit: http://www.atlascopco.com
Atlas Copco Craelius is a division within the Construction and Mining Technique business area. It develops, manufactures, and markets
equipment for exploration drilling and ground engineering. The head office is located in Märsta, Sweden, and its operations are organized
in specialized competence centers.
Atlas Copco Crealius AB, located in Märsta, Sweden, is the competence centre for exploration and geotechnical rig assembly. It
manufactures Diamec underground core drilling rigs, Explorac reverse circulation and water well drilling rigs, Christensen surface
core drilling rigs, and Mustang multi-purpose drilling rigs, as well as Unigrout equipment and Craelius diamond bits.
Oy Atlas Copco Rotex AB, located in Tampere, Finland, is the competence center for overburden casing drilling tools, namely Symmetrix,
ODEX and DEPS
Atlas Copco MAI GmbH, located in Feistritz/Drau, Austria, is the competence centre for rock and soil reinforcement, and manufacture
Swellex rock bolts and MAI self-drilling anchors.
Atlas Copco Exploration Products, located in North Bay, Ontario, Canada, is the competence centre for mining exploration drilling tools,
and manufacture Hobic diamond bits, TUFF rods and "O" wire line core barrels as well as some selected Christensen surface core drilling
rigs. The other competence centers within Atlas Copco Craelius division are located in China and South Africa. The division employs approx.
400 people worldwide.
For more information visit:
http://www.atlascopco.com/craelius
or
http://www.atlascopco.com/cmtportal
For further information please contact: Federico Scolari, Vice President Marketing - Atlas Copco Craelius division
+46 (0)8 587 785 09 or +46 (0)70 310 4788
federico.scolari@se.atlascopco.com
Sara Sjödin, Communications Manager - Atlas Copco Craelius division
+46 (0)8 587 785 07 or +46 (0)70 417 8507
sara.sjodin@se.atlascopco.com
Patrik Nolåker new president for Atlas Copco’s Underground Rock Excavation division
2006-09-01
Effective September 1, 2006, Patrik Nolåker has been appointed President for
Atlas Copco’s Underground Rock Excavation division, within the Construction
and Mining Technique business area. He will replace Lars Engström, who is
leaving the Group.
Patrik Nolåker joined Atlas Copco in 2001 as president for the Atlas Copco Craelius
division, within the Construction and Mining Technique business area.
“Patrik Nolåker has proven to be a strong leader who can both lead new strategic
approaches and implement action plans,” says Björn Rosengren, President for the
Construction and Mining Technique business area. “In his current position he has
created a dynamic environment with impressive growth and profitability.”
Patrik Nolåker, who is a Swedish citizen, was born in 1963. He holds a Bachelor of
Science in Business Administration and Economics from Karlstad University College,
Sweden, and a Master of Business Administration (MBA) from Maastricht School of
Management, Netherlands. Between 1988 and 2001, Nolåker worked in the ABB
Group. Prior to joining Atlas Copco he was based in Malaysia as Vice President of
ABB Transmission & Distribution Bhd with regional responsibility for Sales and
Production in South East Asia.
Atlas Copco Underground Rock Excavation division develops, manufactures, and
markets a wide range of tunneling and mining equipment for various underground
applications. It has its main manufacturing center in Örebro, Sweden. The division
focuses strongly on innovative product design and aftermarket support systems, to
provide added value to the customer. Atlas Copco Underground Rock Excavation is
one of seven divisions within the Construction and Mining Technique business area.
Stockholm, Sweden, June 27, 2006
Björn Rosengren,
Business Area President Construction and Mining Technique
Business Area President Construction and Mining Technique
Hans Lidén new president for Atlas Copco’s Craelius division
2006-09-01
Effective September 1, 2006, Hans Lidén has been appointed President for Atlas
Copco’s Craelius division in the Construction and Mining Technique business
area. He will replace Patrik Nolåker, who will head another division within the
same business area.
Hans Lidén joined Atlas Copco in 1998 as marketing manager for Atlas Copco
Craelius. Between 2002 and 2003 he was general manager for Atlas Copco CMT
Sweden AB. He currently holds the position as Vice President Marketing at the
Construction Tools division.
“Hans Liden has during his seven years in Atlas Copco, had leading managerial
positions both on divisional level and as general manager for a customer center,” says
Björn Rosengren, President for Atlas Copco Construction and Mining Technique
business area.. “Hans has proven leadership skills and has always been able to deliver
good results.”
Hans Lidén, who is a Swedish citizen, was born in 1960. He has a Master of Business
Administration (MBA) from The Lake Forest Graduate School of Management, Lake
Forest, IL, USA. Before he joined Atlas Copco Lidén worked for several companies in
the United Stated and in Sweden.
In 2001 Hans Lidén received Atlas Copco’s prestigious Peter Wallenberg Marketing
and Sales award for innovative use of the internet in marketing.
Stockholm, Sweden, July 20, 2006
Björn Rosengren
Business Area President, Construction and Mining Technique
Business Area President, Construction and Mining Technique
Stephan Ketteler new General Manager of Atlas Copco Construction Tools GmbH
2006-01-10
On October 1, 2006, Stephan Ketteler (38) appointed the new General Manager of Atlas Copco Construction Tools GmbH, Essen.
In the past few years the company has achieved annual growth rates of over 20 %. Keeping the ship on this unwavering course,
extending the production capacities and continuing the "people management" strategy are the main issues on which the new General
Manager will focus his attention.
The experience gathered in the past will be of tremendous help: Ketteler has already worked for several years in the sales and
marketing division of the ThyssenKrupp enterprise before changing as general manager to Irmer + Elze Kompressoren GmbH in Bad
Oeynhausen.
Ketteler about his return to his old place of activity:“An interesting challenge! I am looking forward to merge old internal and new
external experiences and continue with my team the company's successful stride. The prime focus will be on staff development and
motivation, because only those perform best who enjoy their job.”
Ketteler is married, has two children and lives in Essen with his family.
He replaces Pauli Arenram as General Manager, who in his function as Vice President M & A (Mergers & Aquisitions), D & D (Design &
Development) and Production will be responsible for the continued successful development of the Construction Tools Division.
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 more than 130 years of experience, Atlas Copco innovates
for superior productivity. Headquartered in Stockholm, Sweden, the Group´s global reach spans more than 150 markets. In 2005, Atlas Copco
had 27000 employees and revenues of BSEK 53, MEUR 5600.
For more information visit: http://www.atlascopco.com
Atlas Copco Construction Tools is a division within the Construction and Mining Technique business area with headquarter in Stockholm.
The company is a leading supplier of hydraulic, pneumatic and gasoline-powered breakers and drills, marketed under the Atlas Copco brand.
Hydraulic and pneumatic breakers and drills are also marketed under the brand names Chicago Pneumatic, Lifton and Shenyang. The products
are manufactured in Sweden, Germany, India, Bulgaria, China and South Africa, and sold through a worldwide sales and service organisation.
For more information visit: http://www.atlascopco.com/cto
For further information please contact:
Anja Kaulbach, Marketing Communication / Media Relations+49-201-633-2233
anja.kaulbach@de.atlascopco.com
Atlas Copco to increase manufacturing capacity in India
2005-08-31
Atlas Copco is to expand its manufacturing facilities in Nasik and Pune, India. The investment, made to meet an increasing
demand, has a value of MSEK 44 (MEUR 4.7). The project is expected to be completed during the second quarter of 2007.
Atlas Copco is concentrating its production of construction and mining equipment to one site in Nasik, where it is investing
in new assembly units for surface drilling rigs and in a modernization of the hand-held construction tools facility. In Pune,
investments are for the modernization of the compressor production facility, which will increase capacity. The project is an
important step in the strategy to meet an anticipated increase in demand. Revenues for Atlas Copco (India) Ltd., for the 12
months to June 30, 2005, were BINR 5.03 (approximately MSEK 890) and have almost doubled in the last two years.
Phillip Davidson, Managing Director of Atlas Copco (India) Ltd, comments on the investment: “The steps we are taking to increase
the capacity for construction and mining equipment are required both to meet an increase in demand and to enable a full integration
of the units we acquired during 2004. At the same time, we will also capture additional synergies, by rationalizing our production
of hand-held tools to one site in Nasik.” During 2004, Atlas Copco acquired operations in India from Ingersoll-Rand, which today
are part of the Atlas Copco Drilling Solutions division.
The Indian compressor operation has grown significantly over the last two years.“We foresee a period of sustained industrial growth
and are adjusting our capacity to meet demand. By concentrating all compressor operations to Pune we will both improve our logistics
process and the production flow.”
The new facilities in Pune will become operational from mid 2006. The Nasik plant is scheduled to be fully operational during the
second quarter of 2007.
Atlas Copco Exploration Products, North Bay is part of Atlas Copco Craelius is a division within the Atlas Copco Group developing,
manufacturing, and marketing equipment for exploration drilling and ground engineering applications. The head office is located in
Märsta, Sweden, and manufacturing units are located in Sweden, Canada, China, Finland, and South Africa.
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2004, the Group had revenues of
approximately BSEK 49, with 98% of revenues outside Sweden, and about 27 000 employees. The Group produces and markets compressed
air equipment and generators, construction and mining equipment, industrial tools, and assembly systems and offers related service
and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC Equipment Rental, and CP.
Atlas Copco Unveils New Product At PDAC
2005-04-01
Atlas Copco unveiled two major product advancements at the Prospectors and Developers Annual Convention (PDAC) in Toronto, Canada in March.
On display was the company’s powerful new Diamec U8 core drilling rig. Newly arrived from the Atlas Copco manufacturing facility
in Sweden, the U8 combines the latest in proven technology for wireline core drilling.
The Diamec U8 is designed for deep hole drilling both on surface or underground and is rated to a depth of 1500 metres (N size rods).
It comes equipped with either an Automated Performance Control panel (APC) or the proven Pilot Hydraulic Control system (PHC).
Other design highlights include its integral skid and hydraulic feed frame for 360º drilling, improved safety and ergonomics features,
automated rod handling, and more powerful, energy efficient power units, either electric or diesel powered depending on the application.
Atlas Copco also had the PDAC in a buzz over the much anticipated launch of its new Torpedo impregnated coring bit, the V-13. With a
13mm impregnation, field tests have shown the V-13 to be more productive and longer lasting in medium to very hard rock, both competent
and broken.
Atlas Copco Exploration Products Manager Jeff Hagar says both product unveilings were extremely well received. “The Diamec U8 is the
latest addition to Atlas Copco Diamec line of underground drills. The U8 has the largest capacity and is the most powerful underground
drill in the industry. Customers were keenly interested in its deep hole capability and the fact that it is as productive on surface as
it is underground”
Hagar says the design of the Torpedo V-13 also pushed the limits of engineering calling it a testament to the company’s commitment to
exceed customer expectations.
“This new bit represents more than an incremental improvement. Rather it combines innovation in design, materials and the manufacturing
process to achieve a level of productivity that was previously unattainable.”
During a presentation on the V-13, Atlas Copco held a draw and awarded an American drilling contractor, Ruen Drilling with 1,500 metres
worth of free drilling Hobic bits.
For more information, contact:
Mr. Jeff Hagar,
General Manager, Atlas Copco Exploration Products,
North Bay, Ontario Canada. Phone: (705) 472-3320
Mr. Jeff Hagar,
General Manager, Atlas Copco Exploration Products,
North Bay, Ontario Canada. Phone: (705) 472-3320
The Atlas Copco Group has acquired Christensen Products
2001-08-31
Stockholm, Sweden, August 31, 2001 -- Atlas Copco North America Inc. has, through one of its subsidiaries, acquired
Christensen Products, the product division of the American company Layne Christensen Company. The current turnover of Christensen
Products is approximately 160 MSEK. The purchase price was not disclosed.
Christensen Products is based in Salt Lake City, Utah, USA. It is one of the world's leading suppliers of diamond core drilling
equipment for the mineral exploration industry.
Christensen Products will be part of the Atlas Copco Craelius division. The acquisition is in line with the division's strategy to
expand the business in the mineral exploration field.
Christensen Products is the main supplier of mineral exploration products to Layne Christensen Company's worldwide contracting
business. It has been agreed that this relationship shall continue and be further expanded.
The Atlas Copco Group is a global industrial group of companies headquartered in Stockholm, Sweden. In 2000, the Group had revenues
of US$5 billion, with 98 percent of revenues outside Sweden, and close to 27,000 employees. Atlas Copco companies develop, manufacture,
and market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems,
and offer related services and equipment rental.
For further information please contact:
Freek Nijdam, Senior Executive Vice President, Atlas Copco AB
+46-8-743 8314
freek.nijdam@atlascopco.com
Lars Nilsson, Vice President, Atlas Copco Craelius AB
+46 8 587 78 570
lars.nilsson@se.atlascopco.com
Jeff Hagar, General Manager, Atlas Copco Exploration Products
+ 1 705 472 3320
jeff.hagar@ca.atlascopco.com
For further information please contact:
Freek Nijdam, Senior Executive Vice President, Atlas Copco AB
+46-8-743 8314
freek.nijdam@atlascopco.com
Lars Nilsson, Vice President, Atlas Copco Craelius AB
+46 8 587 78 570
lars.nilsson@se.atlascopco.com
Jeff Hagar, General Manager, Atlas Copco Exploration Products
+ 1 705 472 3320
jeff.hagar@ca.atlascopco.com
Atlas Copco signs Letter of Intent in order to purchase Layne/Christensen's product division, Christensen Products
2001-04-11
Atlas Copco signs a Letter of Intent in order to purchase the American company Layne/Christensen's product division,
Christensen Products, with a manufacturing plant located in Salt Lake City. Christensen Products will be part of the Atlas Copco
Craelius Division, and the acquisition is in line with the division's strategy to expand the business in the mineral exploration
field.
Layne/Christensen is an international mineral exploration contractor and their product division is based in Salt Lake City, Utah,
USA. They are one of the world's leading manufacturers of diamond core drill equipment for the mineral exploration industry. The
company has well-established manufacturing operations in Salt Lake City. Christensen will continue to operate with its existing
company name on a worldwide basis.
Christensen Products is the sole supplier to the Layne/Christensen Contracting Group on a world-wide basis. As part of the pending
purchase a supply agreement between Atlas Copco and Layne/Christensen Contracting will be consummated. The purchase is planned to be
completed by June 1, 2001.
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2000, the Group had revenues of SEK
46 billion, with 98 percent of revenues outside Sweden, and over 26,000 employees. Atlas Copco companies develop, manufacture, and
market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems,
and offer related service and equipment rental.
For further information please contact:
Björn Rosengren, President Atlas Copco Craelius Division
+ 46 19 670 7300
For further information please contact:
Björn Rosengren, President Atlas Copco Craelius Division
+ 46 19 670 7300
Atlas Copco acquires the Diamond Bit Manufacturer, Hobic Bit Industries Corporation
2000-09-06
Stockholm September 6, 2000 -- Atlas Copco has acquired the Canadian company Hobic Bit Industries Corp., with manufacturing
plants in Vancouver, Canada, and Wuxi, China. The company has 85 employees and an annual turnover in excess of CAD 10 m (approx SEK 60m).
Hobic will become part of the Atlas Copco Craelius Division. The acquisition is in line with the division's strategy to expand
the business in the mineral exploration field.
Hobic based in Vancouver, British Columbia, Canada, is one of the world's leading manufacturers of diamond core drill bits for the
mineral exploration industry. The company has well-established manufacturing operations in Vancouver and Wuxi, China. The Chinese part
of the acquisition is subject to Chinese authority approval. Hobic will continue to operate with its existing product line name on a
worldwide basis.
This new strategic acquisition will make Atlas Copco one of the largest diamond bit manufacturers in the world. The Chinese
manufacturing operation enhances Atlas Copco's competitiveness and creates a base for further expansion in Asia.
Atlas Copco Craelius is a leading company in core drilling and ground engineering, parts, and services.
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 1999, the Group had revenues of SEK
36 billion, with 97 percent of revenues outside Sweden, and over 26,000 employees. Atlas Copco companies develop, manufacture, and
market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems,
and offer related service and equipment rental.
For further information please contact: Atlas Copco Craelius division
Björn Rosengren,
President Atlas Copco Craelius Division, + 46 8 58778501
Tony Graham,
President Hobic Bit Industries Corp. + 1 604 241 0086
Atlas Copco AB
Annika Berglund,
Senior Vice President Group Communications, Atlas Copco AB, +46 8 743 8070
For further information please contact: Atlas Copco Craelius division
Björn Rosengren,
President Atlas Copco Craelius Division, + 46 8 58778501
Tony Graham,
President Hobic Bit Industries Corp. + 1 604 241 0086
Atlas Copco AB
Annika Berglund,
Senior Vice President Group Communications, Atlas Copco AB, +46 8 743 8070
Atlas Copco Craelius acquires JKS Boyles International
1998-11-04
Stockholm, November 4, 1998-- Atlas Copco Canada, Inc., has concluded an agreement to purchase the Canadian company
JKS Boyles International, Inc., a leading manufacturer of surface and underground drills. JKS Boyles will become part of the
Atlas Copco Craelius division. The acquisition is in line with the division's strategy to expand its business servicing mineral
exploration.
JKS Boyles International, Inc., based in North Bay, Ontario, is a leading manufacturer of surface and underground drills and
has a complete line of in-the-hole accessories for the mineral exploration industry. The company also produces diamond cutting
and coring products. JKS Boyles will continue to operate under its well-established brand name. The company has 79 employees and
annual sales of about CAD 22 million.
This strategic alliance will strengthen the Atlas Copco Craelius division's presence in North America and the world marketplace.
It will also enable the division to offer products incorporating leading technologies and a broad range of surface and underground
exploration drills as well as in-the-hole drilling systems.
Atlas Copco Craelius, is a leading company in core drilling and ground engineering.
Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden, and 97 percent of revenues
outside Sweden. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressors, construction and
mining equipment, assembly systems, and motion control products.
For further information please contact:
Björn Rosengren,
President Atlas Copco Craelius Division, + 46 8 58778501
Annika Berglund,
Senior Vice President Group Communications, Atlas Copco AB, +46 8 743 8070
Jeff Hagar,
General Manager Atlas Copco Exploration Products, +1 705 472-3220
For further information please contact:
Björn Rosengren,
President Atlas Copco Craelius Division, + 46 8 58778501
Annika Berglund,
Senior Vice President Group Communications, Atlas Copco AB, +46 8 743 8070
Jeff Hagar,
General Manager Atlas Copco Exploration Products, +1 705 472-3220
Published date: 2007-09-27 11:30
