SHANGHAI, China, March 2, 2010 -- ABS has decided to establish a new production unit in China in order to further strengthen its market position and competitiveness in the field of wastewater treatment. Establishment of the production unit will begin during the spring of 2010 and the unit is expected be in operation at the end 2011.
ABS Group is part of the Cardo group and the division Cardo Flow Solutions. Cardo Flow Solutions sells equipment for the transportation and treatment of wastewater under the ABS brand, among others. In recent years, ABS has strengthened its position in wastewater treatment in the Chinese market.
The production unit will be established in Kunshan, just outside Shanghai. At the production unit, pumps, compressors and mixers will be assembled for the market in China.
"The need for and expansion of wastewater treatment plants in China is extensive," says Peter Aru, CEO of ABS. "With the new assembly plant, we are further strengthening our competitiveness and can continue our expansion in this market."
For further information, please contact:
Maria Bergving, SVP Communications and Investor Relations,
tel +46 10 4747 405, +46 70 602 61 81, [email protected]
Malin Bengtsson, Communications Manager,
tel: +46 40 350400, [email protected]
ABS Group is a global solution provider in wastewater technology with a complete product portfolio of pumps, mixers, aerators, compressors, control and monitoring equipment, and services. ABS also offers pumps and rental services for the dewatering market. ABS Group, with 1.800 employees and a turnover of 300 MEUR (3 billion SEK) in 2008, is present in more than 100 countries and has more than 32 subsidiaries. ABS Group is part of the Cardo group which is listed on NASDAQ OMX Stockholm.
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