Atlas Copco and Hongwuhuan Group have established two joint ventures in China, with the inauguration ceremony held on March 2 in Shanghai. The companies will specialize in producing and selling products for China's mining and civil engineering markets.

The joint ventures will launch high-capacity, energy-efficient surface drill rigs and matching drilling tools. One joint venture, located in Quzhou, Zhejiang Province, will focus on R&D and production, while the other, based in Shanghai, will focus on sales.

“I am confident that by partnering with a professional Chinese company, we can provide Chinese customers with strong products and services to improve their productivity,” said Helena Hedblom, President of Atlas Copco's Mining and Rock Excavation Technique business area. “Atlas Copco has a strong presence in the relevant Chinese markets, and through this cooperation the group will further consolidate its position in this important market.”

Hongwuhuan Group leaders said that the two companies each have advantages in domestic and international markets, and that this cooperation will enable both parties to complement each other and achieve mutual benefit.

Hongwuhuan Group is headquartered in Quzhou, Zhejiang Province, and manufactures engineering tunneling equipment and other machinery, with more than 1,500 sales offices and dealer outlets across the country. Atlas Copco is a world-leading provider of sustainable productivity solutions, offering customers innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems.