Atlas Copco Group celebrated 150 years in business on Feb. 21 by ringing the opening bell at Nasdaq. The provider of compressed air and gas solutions is a past contributor to Chemical Processing magazine’s utilities and energy columns.
As part of the company’s celebration, its employee-led clean drinking water organization, Water for All, pledged $150,000 to U.S.-based organization Charity Water for a project in Ethiopia. Over the past 12 years, Atlas Copco’s U.S. Water for All program has donated more than $2.5 million. For every dollar an employee donates, the company adds another two dollars, according to the company.
The $13.2 billion company started in Stockholm, Sweden, in 1873. Since that time, Atlas Copco has expanded to serve 180 countries. The company employs more than 49,000 people, with 6,000 workers in the United States.
The company initially delivered equipment for construction of the Swedish railroad system. Since then, it has evolved to support customers in different industries through various industrial technologies and services.