Sandvik receives major tuber orders

Sandvik receives major tube orders Sandvik Steel recently received several large orders within the strategic growth areas of special tubes for the fertilizer industry and advanced tubes for steam generators. The orders have a combined value of approximately SEK 100 M and the products are expected to be delivered during autumn 2001 and October-November 2002, respectively. The tubes for the fertilizer industry have been ordered by Rashtriya Chemicals & Fertilizers Ltd in India and the Luzhou Natural Gas and Chemical plant in China. The steam generator tubes will be supplied to the French company, Framatome-ANP, for use in a nuclear power plant in the United States. Sandvik is the world leader in both these product areas, in which major demands are placed on safety and functionality. "Sandvik Steel has focused intensively for many years on the development of customized products in technically advanced materials for different applications. These orders confirm that our competitiveness and future growth opportunities in these areas are highly favorable," says Lars Pettersson, President of Sandvik Steel. Sandviken, 24 September 2001 Sandvik AB; (publ) For further information, contact Lars Pettersson, President, Sandvik Steel, telephone +46 26 26 36 28. Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steels, special alloys and resistance heating materials and process systems. The Group has 35,000 employees in 130 countries, with annual sales of approximately SEK 44 billion. Sandvik Steel is a business sector within the Sandvik Specialty Steels business area and a world-leading manufacturer of highly refined products; tube, strip, wire and bar, in stainless steel and in special alloys. Annual sales are approximately SEK 10,000 M, with 7,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00020/bit0002.doc http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00020/bit0002.pdf