EIB supports engineering research with 300 million € loan

The development of cleaner, safer and more efficient manufacturing, construction and mining equipment will be enhanced thanks to research, development and innovation at Atlas Copco, supported with financing from the European Investment Bank (EIB).
Under an agreement signed on 21. January 2015 in Luxembourg, the EIB will provide a 300 million € loan to Atlas Copco, one of the world leaders in compressors, construction and mining equipment, power tools and assembly systems. As part of Atlas Copco’s long-term funding programme, the loan will support the development of more efficient, more environmentally friendly and safer products. The company’s activities in research, development and innovation, mainly based in Sweden and Belgium, also involve close cooperation with European universities and research institutes, helping to disseminate cutting-edge technologies.
Jonathan Taylor, EIB Vice-President with responsibility for lending in Sweden, stated: “We are glad to sign this agreement with Atlas Copco, a global leader in the technology of compression, mining and rock excavation. This will support innovation in a key area of the economy, reduce carbon emissions, improve energy efficiency, and enhance the safety of workers”.
The project supported by the bank of the European Union will be carried out from 2015 until 2018 and implemented by more than 5000 Atlas Copco employees, with some 1350 directly involved in the research and development work.  
www.eib.org; www.atlascopco.com

Related articles:


New management for the business line “industrial compressed air”

On 1 September 2016 Rainer Cordes (2016) took over the position of manager of the business line “industrial compressed air” of the Essen-based Atlas Copco Kompressoren und Drucklufttechnik GmbH. He...


Atlas Copco Board of Directors proposes to split the Group in 2018

Atlas Copco will initiate work in order to propose to the Annual General Meeting 2018 to decide on a split of the Group into two listed companies, Atlas Copco and “NewCo” (working name), and to...


Atlas Copco appoints Helena Hedblom President of Mining and Rock Excavation Technique business area

Atlas Copco has appointed Helena Hedblom as President for the Mining and Rock Excavation Technique business area, starting January 1, 2017. She is currently President of the Rock Drilling Tools...


Atlas-Copco mining spin-off begins operations

Epiroc AB has begun operating as an independent business. In January 2017, the Swedish industrial group Atlas Copco announced its intention to split into two companies: in future, the industrial...


Atlas Copco completes acquisition of Swedish mining intelligence business

Atlas Copco has completed the acquisition of part of Mobilaris MCE AB, a Sweden-based company that provides advanced software that optimizes underground mining operations. Atlas Copco has acquired...