News archive

Sandvik Coromant has placed a new distribution center in operation in Singapore.

Sandvik Steel today announced plans to discontinue production of seamless stainless steel tube at its Sterling Tubes subsidiary in the UK and transfer production to its main plant in Sandviken, Sweden, and to other units within the Sandvik Group.

The announcement of a number of enhancements to Sandvik's double belt resin granulation system has resulted in six major orders being secured from customers in Europe and Asia.

Sandvik AB's Special General Meeting in Stockholm on 18 December voted to approve the Sandvik Board of Directors' proposal regarding the transfer of Sandvik Invest AB from Sandvik AB to Sandvik Finance B.V.

Sandvik's Mining and Construction business area is closing its plant in Viriat, France at year-end 2000.

As previously announced, the Sandvik Board of Directors' proposal regarding the intra-Group transfer of Sandvik Invest AB from Sandvik AB to Sandvik Finance B.V. will be available to shareholders as of 8 December 2000.

A new plant for the production of solid-carbide tools has been placed in operation in Gimo, Sweden by Sandvik Coromant.

Sandvik Steel today signed an agreement covering the sales of the subsidiary Guldsmedshytte Bruks AB to the Norwegian Windcast Group A/S.

Sandvik Mining and Construction's Roxon business sector has acquired Beltreco Limited, the leading Australian service company in the area of materials handling for the mining industry.