Sandvik Mining and Construction to divest units in the US
Sandvik Mining and Construction has reached an agreement in principle to divest two units in the US.
- EIMCO LLC, Bluefield, West Virginia, product line continuous coal-mining equipment, with annual sales of about SEK 400 M.
- The Chemical Products Division (CPD) within Sandvik MGT LLC, Bristol, Virginia. CPD produces Mine Bolt Resin, a chemical grouting material to secure ceiling bolts in mines, with annual sales of about SEK 100 M.
The buyers are DBT (Deutsche Bergbau-Technik) and Minova (USA) Inc., respectively.
Sandviken, 13 August 2003
Sandvik AB; (publ)