Sandvik secures major materials handling orders
Sandvik Mining has secured major materials handling contracts in South America and Australia.
The combined value of the contracts exceeds 950 million SEK and will be executed and contribute to Sandvik Mining's business during the years 2013 until 2015.
The orders include design and supply of conveying systems with a total length of 8.9 km comprising of two iron ore transfer conveyors up to 28,500 ton per hour and two waste conveyors lines each with 9,500 ton per hour capacity for a surface mine in South America.
For Australia the orders include design, supply and delivery of materials handling equipment for iron ore stacking at peak rates of over 11,500 ton per hour.
"The size and complexity of the systems and the impressive performance data again demonstrate Sandvik Mining's capability to provide high-tech solutions in the area of continuous mining and materials handling applications", says Gary Hughes, President of the Sandvik Mining business area.
Stockholm 25 March 2013
Sandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08:30 CET on 25 March 2013.
For further information contact: Gary Hughes, President, Sandvik Mining, tel +31 207091350 or Magnus Larsson, Vice President Investor Relations, Sandvik AB, tel +46 8 456 12 40
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2012 the Group had about 49,000 employees and representation in 130 countries, with annual sales of about 99,000 million SEK.
Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of equipment and tools, service and technical solutions for the mining industry. The offering covers rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. In 2012 sales amounted to about 37,800 million SEK, with approximately 14,000 employees.