Sandvik secures major materials handling order
In October, Sandvik Mining was awarded a major materials handling contract in South America.
The value of the contract exceeds 650 million SEK and will be recorded as order intake in the fourth quarter.
The contract will be executed and also contribute to Sandvik Mining's business for the years 2013 until 2015.
The order includes engineering, manufacturing, freight and site services of conveying systems comprising relocatable and modularized type conveyors, for a surface mine.
"The importance, size and complexity of the conveyor systems and the performance data demonstrate Sandvik Mining's capability to provide high-tech solutions in the area of continuous mining", says Gary Hughes, President of the Sandvik Mining business area.
Stockholm, 24 October 2013
Sandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07:45 CET on 24 October, 2013.
For further information contact: Magnus Larsson, Vice President Investor Relations, Sandvik AB,
tel +46 8 456 12 40 or Pär Altan, Vice President External Communications, Sandvik AB, tel +46 8 456 12 37
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2012 the Group had about 49,000 employees and representation in 130 countries, with annual sales of about 99,000 million SEK.
Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of equipment and tools, service and technical solutions for the mining industry. The offering covers rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. In 2012 sales amounted to about 37,800 million SEK, with approximately 14,000 employees.