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2005-10-28 News Headlines Business
Atlas Copco comments on the UN Oil-for-Food Program report Internal investigations have verified that there were no payments made
to the Iraqi Government by Atlas Copco Airpower.
The Independent Inquiry Committee released its final report on Program
Manipulations within the UN's Oil-for-food Program yesterday. Atlas Copco
is one of some 2 200 companies mentioned in the report. Atlas Copco is an international industrial Group with its head office
in Stockholm, Sweden. In 2004, the Group had revenues of approximately
BSEK 49, with 98% of revenues outside Sweden. The Group has more than
25 000 employees. The Group produces and markets compressed air equipment
and generators, construction and mining equipment, industrial tools, and
assembly systems and offers related service and equipment rental. The
Atlas Copco Group includes famous brands such as Atlas Copco, RSC Equipment
Rental, and CP.
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