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Sandvik wants to open independent school in Sweden

Sandvik AB, in cooperation with Sandviken Municipality, will apply for permission to establish an independent school in Sandviken, Sweden, in autumn 2002.

Education will cover a three-year technical senior high school, with a special format and expanded program as a basic curriculum. The program will have three areas of specialization – maintenance, production and college preparatory for university level studies, in which the students will have a 40-hour per week syllabus, including time for individual studies.

"The aim of the independent school is to increase interest in technical education and as a result be able to recruit well-educated employees locally. Sandvik wants to modernize technical education and enhance the status of a job in industry," says Rune Nyberg, Group Vice President Human Resources and a member of Group Executive Management at Sandvik.

Application for the independent school will be submitted to the National Agency for Education in March.

When the senior high school has been opened, there are plans to complement activities with a Learning Center for training of personnel already employed within Sandvik and for adult education.

Sandviken, 28 February 2001

Sandvik AB; (publ)

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