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The Nomination Committee for the 2022 Annual General Meeting has now been appointed.
Tomas Eliasson, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave his position as of October 31, 2021, after more than five years in the Group.
Sandvik is updating the revenue target for the business area segment Sandvik Manufacturing Solutions for 2025 to SEK 6 billion from SEK 4 billion previously.
Sandvik has completed the previously announced acquisition of 67% of Chuzhou Yongpu Carbide Tools Co., Ltd.
Sandvik’s acquisition of DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries, was closed on July 7, 2021.
Sandvik has signed an agreement to acquire 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China based premium solid round tools company, with a call option to buy the remaining part in three years’ time.
See the entire report (PDF document, 1.6 MB)
Sandvik has signed an agreement to acquire the Polish company Fabryka Narzędzi FANAR S.A. (Fanar), a manufacturer of round tools.