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.
Under an agreement signed today in Luxembourg, the EIB will provide a EUR 275m 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 supports the development of more efficient, more environmentally friendly and safer products. Atlas Copco’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.
“We are glad to sign this agreement with Atlas Copco, the global technology leader in these fields, as it supports innovation in a key area and will bring major benefits in terms of lower emissions, improved energy efficiency and enhanced worker safety” said Wilhelm Molterer, EIB Vice President responsible for Sweden, at the signing ceremony.