Sandvik wins major mining equipment order in Thailand

Sandvik wins major mining equipment order in Thailand Sandvik's Mining and Construction business area, through Sandvik Materials Handling, has won a major order for the development, supply and installation of a complete materials-handling system at the Mae Moh coal mine in northern Thailand. The customer is the Italian-Thai Development Public Company Ltd (ITD). The total value of the order is approximately SEK 430 M. The installation is scheduled to be placed in operation in April 2002. ITD is one of the largest companies in its industry in Thailand. The equipment ordered, which includes crushers and conveyor systems, will be used to remove a total of 500 million cubic meters of overburden at the mine during the next nine years. "This order involves one of the largest systems of its type in the world, with a capacity of 22,000 tons an hour. This demonstrates our very strong competitive position and our leadership in this area," says Jarmo Juntunen, President of Sandvik Materials Handling. Sandviken, 30 May 2001 Sandvik AB; (publ) For further information, contact Anders Ilstam, President of Sandvik Mining and Construction, +46 26 26 51 01 or Jarmo Juntunen, Sandvik Materials Handling, +358 205 44 5750. 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 steel, 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 Mining and Construction is a business area within the Sandvik Group and a world-leading supplier of drilling and excavation machinery, tools and service for the mining and construction industries. Annual sales amount to about SEK 10 billion, with nearly 7,000 employees. Sandvik Materials Handling is a sector within the business area and an engineering and service company that focuses on the handling of bulk materials and also manufactures components for conveyors. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/30/20010530BIT00020/bit0001.doc http://www.bit.se/bitonline/2001/05/30/20010530BIT00020/bit0002.pdf