Finance > Capital-markets

Atlas Copco switches off diesel

Sweden’s Atlas Copco (SS:ATCOA), one of the world’s biggest manufacturers and suppliers of underground mining and construction equipment, is accelerating its development of zero-emission and battery-driven machinery, the company said this week. “Our customers’ future is electric,” senior executive Andreas Nordbrandt said.

Staff reporter

Finance > Capital-markets

Atlas Copco switches off diesel

Sweden’s Atlas Copco (SS:ATCOA), one of the world’s biggest manufacturers and suppliers of underground mining and construction equipment, is accelerating its development of zero-emission and battery-driven machinery, the company said this week. “Our customers’ future is electric,” senior executive Andreas Nordbrandt said.

Staff reporter

Atlas Copco switches off diesel

Atlas Copco is moving away from diesel towards electric equipment

 

Nordbrandt, president of Atlas Copco Underground Rock Excavation, said the company had immediate plans to expand its portfolio of electric loaders, drill rigs and mine trucks. It would continue to support customers who relied on diesel-driven equipment, but the decision to "completely advance beyond diesel is a definitive move".

"It's high time to look forward and leave fossil fuels behind," Nordbrandt said.

"We must consider the mining industry's carbon footprint and assume our responsibility as an industry leader.

"Our goal is zero-emission mining. We can achieve that through a commitment to science and technology. This is a power change that changes everything."

Erik Svedlund, global marketing manager electrification at Atlas Copco, said zero-emission machines provided the same or better performance as diesel.

"This is only the beginning," he said, "productivity and profitability will only improve from here."

Company Name

 

Latest Price

1wk Change%

1yr Change%

Current Market Cap (USD)

Mincon Group Plc LSE:MCON

 

US$1.34

13.9

51.4

349.75m

Decmil Group ASX: DCG

 

US$1.08

10.4

15.0

186.15m

AMEC Foster Wheeler LSE: AMFW

 

US$7.14

7.3

-6.7

2.77b

Emeco Holdings ASX: EHL

 

US$0.18

7.0

265.1

443.00m

United Tractors Tbk PT IDX: UNTR

 

US$2.57

6.7

81.7

9.58b

Komatsu TKY: 6301

 

US$30.89

6.5

35.8

29.93b

Macmahon ASX: MAH

 

US$0.20

6.4

123.2

413.71m

GR Engineering Services ASX: GNG

 

US$1.00

6.3

-33.5

153.11m

Murray & Roberts JSE: MUR

 

US$1.24

5.8

59.2

551.69m

Major Drilling International CN: MDI

 

US$5.86

4.9

24.3

470.48m

topics

loader