Atlas Copco Closes Rock Drill Factory in China Amid Mining Slump
- 225 jobs affected as company moves production to Zhangjiakou
- Move comes in response to cuts in China’s coal production
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Atlas Copco AB, the Swedish maker of mining equipment and compressors, said it will close a factory in China that makes rock drills for mining, in response to Chinese cuts in coal production capacity.
The Shenyang factory in the Liaoning province that’s closing mainly makes hand-held rock drills for mining and construction, Atlas Copco said in a statement. About 225 jobs will be affected, and parts of the operations will be moved to a facility in Zhangjiakou, where 45 new posts will be created.