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At an international capital markets day held in Sandviken, Sweden, on 17 August 2000, Sandvik's President and CEO Clas Åke Hedström presented new, higher growth objectives for the period 2000-2003.
Sandvik's Mining and Construction business area, through its companies Voest Alpine Materials Handling in Austria and Roxon in Finland, has received a major order for materials handling equipment from a mining company in Australia.
The SPP (Swedish Staff Pension) insurance company today announced that, based on certain specified conditions, an amount of about SEK 500 M has been reserved on account for the Sandvik Group for pension applications.
Today the Board of Directors of Sandvik AB decided to propose to the Annual General Meeting, to be held on April 29, 1999, that permanent employees1) in the Sandvik Group in Sweden shall be offered to subscribe for convertible debentures in Sandvik AB and that permanent employees1) in the Sandvik