Situated in the Jiading District of Shanghai, the new compressor production facility will manufacture Bolaite brand piston compressors and oil-injected screw compressors below 450 kW. The new facility not only includes production capabilities, but also a customer center and a product development facility employing a total of around 300 people.

Mr. Brock explained the growing significance of China to Atlas Copco: "China is a fast growing market, and has now become the second largest market for the Atlas Copco Group, just behind the United States. China has 1.3 billion people and a fast increasing GDP, from the growth rate of China and its potential, China will definitely become the largest market, and the question is just when.  India, Russia and Brazil are also growing very fast, the mining industry in Australia and South Africa has also experienced rapid growth, but they cannot compete on market size.”

In order to keep pace with the development of China market, Gunnar pays regular visits to China. “Things are happening so fast in China that what you learned and saw six or twelve months ago has changed and developed. You can not understand what is going on if you are sitting in Europe in the head office. Also, China has become a very competitive market, so it is very important for us to do well in China. Of course, it is great to see the Bolaite new factory. There is a Chinese saying that better see it once than hear it for hear a hundred times. I have heard Bolaite many times, and it is great to see the factory. “

Mr. Brock also praised the management team of Bolaite saying said: “Bolaite is our latest acquisition in China, and it has become a very important corner stone for our strategy in China, and has become one of the three key brands for the Group in China. We are seeing to grow 20 to 30 percent per annum. Bolaite