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SDVKY Sandvik AB (PK)

20.486
0.296 (1.47%)
Last Updated: 15:12:02
Delayed by 15 minutes
Name Symbol Market Type
Sandvik AB (PK) USOTC:SDVKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.296 1.47% 20.486 20.48 20.51 20.5635 20.45 20.55 2,625 15:12:02

Sandvik Gets SEK1.2 Billion Latin American Contract

03/05/2011 11:24am

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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   DOW JONES NEWSWIRES 

Swedish engineering company Sandvik AB (SAND.SK) Tuesday said its Mining and Construction (SMC) unit has signed a materials handling contract with a major mining company in Latin America, worth SEK1.2 billion.

   MAIN FACTS: 

-The order includes design and supply of a long distance belt conveyor system, for downhill transportation, with designed capacity of 19,200 metric tons per hour of iron ore.

-Deliveries will start in 2011 and the project will be executed and contribute to SMC business between 2011 and 2013, the company said.

-The start of the operation is scheduled for 2013.

-At 0952 shares traded 0.6% lower at SEK124.9.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com

 
 

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