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Sandvik receives major tube orders

Sandvik Steel recently received several large orders within the strategic growth areas of special tubes for the fertilizer industry and advanced tubes for steam generators.

The orders have a combined value of approximately SEK 100 M and the products are expected to be delivered during autumn 2001 and October-November 2002, respectively.

The tubes for the fertilizer industry have been ordered by Rashtriya Chemicals & Fertilizers Ltd in India and the Luzhou Natural Gas and Chemical plant in China. The steam generator tubes will be supplied to the French company, Framatome-ANP, for use in a nuclear power plant in the United States.

Sandvik is the world leader in both these product areas, in which major demands are placed on safety and functionality.

"Sandvik Steel has focused intensively for many years on the development of customized products in technically advanced materials for different applications. These orders confirm that our competitiveness and future growth opportunities in these areas are highly favorable," says Lars Pettersson, President of Sandvik Steel.

Sandviken, 24 September 2001

Sandvik AB; (publ)