Sandvik opens new distribution center in Singapore

Sandvik opens new distribution center in Singapore Sandvik Coromant has placed a new distribution center in operation in Singapore. The facility is located strategically at the Changi Airport and serves the entire Asia Pacific region. Using Sandvik's advanced computer and logistics systems, customers in Asia, as in other parts of the world, can now receive the cemented-carbide tools they order within 24 hours. Through the facility in Singapore, customers have access to Sandvik Coromant's complete range of standard products. This meets the ever-increasing customer demand for quicker deliveries and lower levels of own inventories. The new central warehouse is part of Sandvik's global expansion and will play an important role for development of Internet trading in Asia. Sandvik's President and CEO Clas Åke Hedström participated in the official opening. "Asia is one of the prioritized markets in Sandvik's new growth strategy. In recent years, we have achieved major sales successes in this market and the investment in logistics and effective customer service in Singapore means that we are further strengthening our competitiveness," says Clas Åke Hedström. Sandviken, 15 January 2001 Sandvik AB; (publ) For further information, contact Sven Flodmark, Manager of the regional company Sandvik South East Asia, +65 26 522 77. Sandvik is a high-technology engineering group, with advanced products and world-leading positions in selected niches - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys, resistance heating materials and process systems. The Group has 34,000 employees at 300 companies in 130 countries, with annual sales of approximately SEK 40 billion. Sandvik Coromant is a sector within the Sandvik Tooling Business Area and a world-leader in advanced cemented-carbide tools and tooling systems for metalworking. Sales amount to about SEK 8,400 M, with 7,500 employees. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/15/20010115BIT00700/bit0001.doc http://www.bit.se/bitonline/2001/01/15/20010115BIT00700/bit0002.pdf