Sandvik will record non-recurring charges related to the distribution of Alleima (former business area Sandvik Materials Technology) and the wind-down process in Russia.
Sep 26, 2022 4:00 PM CET
, Press releaseRegulatory
Sandvik has appointed Mats Eriksson as President of business area Sandvik Mining and Rock Solutions (SMR) and new member of the Sandvik Group Executive Management, effective October 1, 2022.
On August 31, Alleima AB (former Sandvik Materials Technology) became a listed company when trading commenced on Nasdaq Stockholm. It marked the start of Alleima as a fully independent company.
The shares of Alleima, a global manufacturer of advanced stainless steels, special alloys and heating systems for the most demanding industries, commence trading on Nasdaq Stockholm today.
Alleima, formerly Sandvik Materials Technology, which is expected to be listed on Nasdaq Stockholm, today hosts its first Capital Markets Day, in Sandviken, Sweden.
Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG ("Sphinx Tools").