Sandvik to invest in manufacturing of crushing equipment
Sandvik Mining and Construction is expanding its manufacturing of crushing equipment in Svedala, Sweden, and investing SEK 300 million in a new production plant.
The nearly 6,000 square meter production plant will be completed during early 2012. The plant will be fitted with the most modern production equipment for manufacturing key components for Sandvik’s crushers, which are assembled not only in Svedala, but also in other countries.
The investment follows a decision earlier this year to also build a new distribution center in Svedala for spare parts for the European market.
“Sandvik Mining and Construction has in recent years consolidated manufacturing to larger and highly efficient plants. In all locations in which we have manufacturing, it must be of world class. This applies to the highest degree to our facility in Svedala, where we also have our product development center for crushing technology,” says Gert Sköld, CFO and Vice President, Sandvik Mining and Construction.
Sandviken, 8 September 2010
Sandvik Aktiebolag (publ)
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 9:00 a.m. on 8 September 2010.
Further information can be obtained from Gert Sköld, CFO and Vice President of the Sandvik Mining and Construction business area, tel. +46 26 26 51 05 or Jan Lissåker, Vice President Investor Relations, Sandvik AB, tel. +46 26 26 10 23.
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 2009, the Group had about 44,000 employees and representation in 130 countries, with annual sales of nearly SEK 72,000 M
Sandvik Mining and Construction is a business area within the Sandvik Group and a leading global supplier of machinery, cemented-carbide tools, service and technical solutions for the excavation and sizing of rock and minerals in the mining and construction industries. Annual sales in 2008 amounted to about SEK 32,600 M, with approximately 14,400 employees.
Tags: