STOCKHOLM--(BUSINESS WIRE)--Atlas Copco (STO:ATCOA) (STO:ATCOB) , a leading provider of sustainable productivity solutions, will play a key role in bringing clean water to a rural area of Malawi through its employee-driven Water for All organization and the Peter Wallenberg Water for All Fund.
Starting October 2015, Water for All will finance the installation of infrastructure and facilities that promote clean water, sanitation and hygiene in about a dozen villages and communities in southeastern Malawi, benefiting some 28 000 locals. The project, done in cooperation with non-profit organization ADRA, is expected to be completed by October 2018. It is financed through donations to the Peter Wallenberg Water for All Fund, where Atlas Copco is one of the larger contributors.
“Atlas Copco is delighted that the many contributions made to the Peter Wallenberg Water for All Fund will be turned into true life-changing benefits for thousands of people in Malawi,” said Ronnie Leten, Atlas Copco’s President and CEO.
The Malawi project was chosen as Water for All has previously worked in the area with good results. Malawi is also in the region where Peter Wallenberg Sr. was active when he worked for Atlas Copco in Africa.
Water for All is Atlas Copco’s main community engagement initiative. Run by employees, the mission of the organization is to provide people in need with long-term access to clean drinking water. Through voluntary donations, boosted by the Atlas Copco Group, this non-profit organization has so far provided clean drinking water to more than 1.5 million people.
Water for All has representation in more than 40 countries and supports projects all over the world. It was founded in Sweden by Atlas Copco employees 31 years ago, on August 22, 1984. To learn more about Water for All and the Peter Wallenberg Water for All Fund, please visit http://www.water4all.org/us/.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees. Learn more at www.atlascopco.com.
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