The loan will support the development of new products in the manufacturing, construction and mining sectors. The company鈥檚 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 the technologies.
Jonathan Taylor, EIB vice-president with responsibility for lending in Sweden, said: 鈥淲e 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.鈥�
The project will start this year and run until 2018, with some 1,350 Atlas Copco employees directly involved in the research and development work. Taylor added: 鈥淧rojects such as this strengthen the competitiveness of European companies, so enhancing Europe鈥檚 position as a major technology supplier and supporting skilled employment opportunities.鈥�
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