News from the Group

May 7, 2001 12:00 AM CEST , Press release

Sandvik AB's Annual General Meeting in Sandviken, Sweden, on 7 May approved the Board's proposal of a dividend of SEK 9.00 per share for fiscal year 2000.

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

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

Feb 28, 2001 12:00 AM CEST , Press release

Sandvik AB, in cooperation with Sandviken Municipality, will apply for permission to establish an independent school in Sandviken, Sweden, in autumn 2002.

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

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

Feb 20, 2001 12:00 AM CEST , Press release

Sandvik's Mining and Construction business area has decided to close its unit for the manufacturing of down-the-hole drilling tools in Mexico, with about 60 employees, and transfer the operations to Sandvik Tamrock Tools' rock-drilling plant in Sandviken, Sweden, which already produces similar tools.

Feb 19, 2001 12:00 AM CEST , Press release

Sandvik Mining and Construction's Rammer subsidiary has decided to donate demolition equipment to India.

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