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Sandvik provides an update on effects from the coronavirus, announces cost measures and a new proposal for the dividend

The business development during January and February 2020 has in most markets been in line with Sandvik’s expectations, with the exception of China where the coronavirus situation led to one week of prolonged closing of our operations around the Chinese New Year. Our Chinese operations are now

Sandvik receives tubular orders for the energy industry

Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020. “I am very pleased that we again prove to be

Sandvik considers further production footprint consolidation

Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions. The envisaged closure would be expected to

Sandvik completes the acquisition of Summerill Tube Corporation

Sandvik has completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes. Since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation

Sandvik acquires Melin Tool Company

Walter, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools. The acquisition further strengthens Walter’s round tool offering, especially for the aerospace industry and

Sandvik receives major tubular order for the energy industry

Sandvik Materials Technology has received a large order for advanced tubes for the energy segment. The order was booked in the fourth quarter 2019 and is valued at about 550 million SEK with deliveries scheduled as from the first half of 2020. “I am very pleased that we again prove to be a

Invitation - presentation of Sandvik’s report of the fourth quarter 2019

Sandvik will publish its fourth quarter results on Tuesday, 21 January 2020 at approximately 08.00 CET. A combined webcast and conference call for investors, analysts and financial media will be held at 10.00 CET. The report will be presented in a webcast and conference call by Björn

Sandvik Capital Markets Day in November 2020

In November 2020, Sandvik will arrange its Capital Markets Day in co-ordination with SKF and Volvo, including visits to Sandvik and SKF sites in Austria and onwards to Volvo in Gothenburg, Sweden. On 3 November 2020, Sandvik will host its Capital Markets Day in Graz/St. Martin im Sulmtal,

Double gold medals for “The Smash-proof Guitar”

Edvard Bergström, Jessica Alm, Hanna Meuser, Magdalena Fahlén and Minna Rodling from Sandvik, together with Anna Dyhre who was the host at the ceremony. Sandvik won two gold medals at the Magnet Award for the movie “The smash-proof guitar”. The Magnet Award is known as the Swedish championship

Sandvik has signed an agreement to divest the majority of Sandvik Drilling and Completions

Sandvik has signed an agreement to divest the majority of Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority

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