A Sandvik bicycle team participated in Finland’s largest cycling event that started off through the Ranta tunnel that has been excavated with Sandvik machines. The tunnel will be the longest highway tunnel in Finland.
Today, June 1, is the official opening of the long-awaited Gotthard Base Tunnel. It took 23 years to complete but, measuring 57 kilometers from portal to portal, it is also the world’s longest and deepest traffic tunnel ever built.
Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital. Sandvik will maintain ownership of ongoing projects which are close to finalization.
Sandvik will publish its second quarter results on Monday, 18 July 2016 at approximately 1:30 PM CET. A combined presentation and conference call for investors, analysts and financial media will be held at 3:00 PM CET.
Today, at the Capital Markets Day in Sandviken, Sweden, Björn Rosengren, President and CEO and Tomas Eliasson, Executive Vice President and CFO of Sandvik, presented the fundamentals of Sandvik’s strategy.