News from the Group

Jan 16, 2002 12:00 AM CET , Press release

Clas Åke Hedström, President and CEO of Sandvik AB, will leave his position in conjunction with the Annual General Meeting on 7 May 2002.

Jan 3, 2002 12:00 AM CET , Press release

Sandvik has reached an agreement with Nobel Biocare covering the divestment of its 50%-interest in the dental technology company Procera-Sandvik AB to Nobel Biocare.

Dec 11, 2001 12:00 AM CET , Press release

Sandvik Coromant has decided to initiate negotiations with the local organization of the Swedish Metalworkers' Union regarding a surplus of about 250 persons at the plants in Gimo.

Aug 14, 2001 12:00 AM CET , Press release

Sandvik's Mining and Construction business area has concluded an agreement with the US company, Smith International, Inc. of Houston, Texas, regarding the establishment of a jointly owned company for the development, manufacture, marketing and service operations for roller cone bits for the mining and construction industry.

May 14, 2001 12:00 AM CET , Press release

Sandvik's Capital Market Days in NAFTA were launched today at the Group's main US facility in Fair Lawn, New Jersey, just outside New York City.

Apr 27, 2001 12:00 AM CET , Press release

Tom Erixon, 40, has been appointed manager of a newly established Group staff, Corporate Business Development and IT (Group Staff KU) within Sandvik and will assume his new position on 1 August 2001.

Mar 20, 2001 12:00 AM CET , Press release

Sandvik has today in India announced it's intention to make a public offer to acquire up to 497,269 shares, corresponding to 26.8% of the total share capital in the Indian subsidiary Sandvik Asia Ltd., at a price of INR 850 per share.

Mar 9, 2001 12:00 AM CET , Press release

Sandvik has acquired the remaining 49% of the shares in Sandvik Choksi Ltd. from the Indian company Choksi Tube Company Ltd.

Feb 27, 2001 12:00 AM CET , Press release

Sandvik CTT has reached an agreement with the UK based company Angus MacInnes & Co., Helensburgh, Glasgow, covering the takeover of sales and marketing of Prototyp's products in the UK.

Feb 23, 2001 12:00 AM CET , Press release

Sandvik has decided to invest about SEK 40 M in an extension of Sandvik Hard Materials' cemented-carbide plant in Mexico City.

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