Sandvik divests Eurotungstène Poudres S.A. in France

As a result, Eramet, holding 51% of the shares in Eurotungstène Poudres S.A., will become the sole owner of the company. Eurotungstène Poudres S.A., with about 125 employees, is active in the production of cobalt- and tungsten-based powders primarily used in the diamond tools industry.

Sandviken, 21 August 2003

Sandvik AB; (publ)

Eramet is an integrated mining and metallurgical group that produces nickel, manganese, high performance special steels and alloys and high performance parts for industry. Focusing on the development of high value-added materials, the group has global leadership positions in all its business lines.