Atlas Copco confident of surpassing sales target

Atlas Copco Philippines Inc., a wholly owned subsidiary of Atlas Copco AB of Sweden, expects to surpass its sales target for this year.

“With our Compressor Business Area, we are looking at achieving a remarkable P1 billion by end of December which will be a milestone for the company,” Jonnie Regis, general manager of Atlas Copco Phils. Inc. said.

The company’s sales projection for the year is P815.370 million, 24 percent more than last year’s sales projection. With a good first to third quarter performance, the company expects to top this figure.

In fact, sales for the first nine months of the year have already exceeded the company’s 2006 full year performance  of P727.126 million.

When compared to the same period last year, this year’s sales performance was 30.6 percent better from P593.228 million.

Atlas Copco Philippines Inc., the leading provider of industrial productivity solutions in the Philippines, has a history of exceeding its full year target. In 2006, it overshot its full year projection by 10 percent

Atlas credited its good financial performance to the improvement in the economy driven by increased activity in the mining and construction sectors being one of the country’s foremost providers of utility equipment.

Product portfolio include compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems to rental and related aftermarket services to name some.

Atlas Copco has expanded its presence this year as it added six more branches to its single outlet.

Globally, Atlas Copco has three business lines, namely compressor technique, construction and mining technique and industrial technique.

Its mission is to develop, manufacture, and market products and services to a wide range of customers and end-users worldwide through its wide product range and services.