Sandvik invests in new load and haul factory in Malaysia to support growing mining BEV market
Sandvik has decided to invest in a new production unit in Malaysia for manufacturing underground loaders and trucks. Equipment production is planned to begin in the fourth quarter of 2023 following factory upgrades and other site improvements. The investment is expected to total SEK 350 million over the coming three years. The establishment of the new factory will help Sandvik Mining and Rock Solutions to cater to the growing demand for battery-electric vehicles (BEVs) in the mining industry. While the primary focus at the new facility will be BEVs, it will also manufacture