Svedala expands in drilling

Svedala expands in drilling sector Svedala Industri has signed a distribution agreement with Boart Longyear, one of the world´s leading manufacturers of rock tools. The agreement provides Svedala with a more complete range of products in the drilling field. The new products, Svedala Rock Tools, will principally be marketed through the nearly 200 Svedala Houses in 50 countries. Accordingly, rock tools will become a natural complement to the other products marketed by Svedala in the growing after-market segment. Currently, the after-market accounts for nearly 45 percent of Svedala's total sales. Commenting on the agreement, Alan Walker, President of Svedala Drilling, said: "The global after-market business in drilling amounts to nearly USD 1 Billion and we are quite confident that through our Svedala House organization we are well positioned to provide superior service to the drilling customers around the world". "The agreement is also a further step towards a closer cooperation between the two companies with regard to other after-market products for the drilling sector," concluded Alan Walker. For further information, please contact Ulla Frithiof, Information Department, Svedala Industri, Tel. No. +46 40 24 58 47 or Alan Walker, Mobile Tel. No. +1 903 814 8277. SVEDALA is a world-leading supplier of equipment and complete systems to the construction and mineral-processing industries. Through global coverage combined with local presence and a conscientious focus on providing service close to the customer, Svedala has become an important partner to industry. Today, the after-market accounts for nearly 45 percent of the Group's sales of about SEK 15 billion. With some fifty Svedala Houses in more than 50 countries and nearly 200 local Svedala Service Houses, Svedala has established a unique position on the market. Currently, markets outside Sweden account for approximately 95 percent of sales and the Group has slightly more than 11,000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/23/19990323BIT00220/bit0001.doc http://www.bit.se/bitonline/1999/03/23/19990323BIT00220/bit0002.pdf