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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)