Atlas Copco to Invest $319 Million in New US Manufacturing Facility
November 02 2022 - 09:49AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Wednesday that its Edwards subsidiary will spend an estimated $319
million over the next seven years to build a new manufacturing
facility for dry vacuum pumps used in the manufacture of
semiconductors.
The new factory will be situated in western New York, U.S. and
is expected to create around 600 jobs, it said.
Phase one of the project will cost $127 million to construct the
manufacturing facility, with full operation expected in late
2024.
"The recent increase in demand for semiconductors has seen
governments around the globe recognize the strategic importance of
the industry, with large investments being committed to ensure a
stable and resilient semiconductor infrastructure," Atlas Copco
said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 02, 2022 09:34 ET (13:34 GMT)
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