Atlas Copco to Invest $73.7 Million in Belgian Facility
June 29 2022 - 10:01AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Wednesday it will invest 70 million euros ($73.7 million) over
three years in production capacity and expanding research and
development at its existing facilities in Antwerp, Belgium.
The investments include an extension of the Compressor Technique
unit's smart factory, as well as production technology, it
said.
The investments in Wilrijk--the area of Antwerp where Atlas
Copco develops and produces compressors--will be in production
technology and machinery, expansion of laboratories, additional
production space for key compressor components, and more office
space, it added.
Atlas Copco will also continue to invest in upskilling the
workforce, it said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 29, 2022 09:46 ET (13:46 GMT)
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