News from the Group

Mar 24, 1998 12:00 AM CEST , Press release

The world-leading cemented carbide tool supplier, Sandvik Coromant, has inaugurated its new plant in Langfang City, 40 km Southeast of Beijing.

Mar 23, 1998 12:00 AM CEST , Press release

Effective 1 April 1998, Sandvik has formed a new business area, Sandvik Mining and Construction, combining the operations of the two companies Tamrock and Sandvik Rock Tools.

Mar 13, 1998 12:00 AM CEST , Press release

Following discussions with Sandvik, Per-Olof Norberg has announced that he does not wish to be re-elected to the Board of Directors of Kanthal AB at the Annual General Meeting in May 1998.

Dec 4, 1997 12:00 AM CEST , Press release
Dec 3, 1997 12:00 AM CEST , Press release

The ongoing work in Kanthal with Per-Olov Norberg as Board Chairman is functioning very well.

Nov 25, 1997 12:00 AM CEST , Press release

Sandvik has today in India announced it's intention to make a public offer to acquire up to 379,010 shares, corresponding to 20.4% of the paid up equity share capital in the Indian subsidiary Sandvik Asia Ltd., at a price of 1,800 Rupees per share.

Nov 24, 1997 12:00 AM CEST , Press release

Sandvik's purchase on the market of Tamrock shares has yielded favorable results.

Nov 10, 1997 12:00 AM CEST , Press release

Sandvik has today acquired all the shares in Tamrock Oy held by the Finnish companies Rauma Oy and Solidium Oy for FIM 18 per share, corresponding to a total of about FIM 650 million.

Sep 2, 1997 12:00 AM CEST , Press release

Subsequent to the approval of the requisite authorities, Sandvik has now completed the acquisition of the American company Precision Twist Drill Co., which is one of the world's leading manufacturers of twist drills in high-speed steel.

Sep 1, 1997 12:00 AM CEST , Press release

Sandvik Chomutov Precision Tubes s.r.o. in the Czech Republic has reached an agreement in principle with the German company Mannesmann Hoesch Präzisrohr GmbH (MHP) for the sale of the carbon steel division at Sandvik Chomutov with 130 employees and annual sales of approximately SEK 70 M.

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