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SDVKY Sandvik AB (PK)

20.19
0.09 (0.45%)
30 Jul 2024 - Closed
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
  0.09 0.45% 20.19 20.10 20.25 20.24 20.11 20.126 88,676 21:00:24

Sandvik Signs SEK500 Million Mining Equipment Deal In China

13/03/2012 9:54am

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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Swedish engineering company Sandvik AB (SAND.SK) Tuesday said it has signed a mining equipment deal worth in excess of SEK500 million ($73.6 million) with Chinese company Shenhua Shendong.

   MAIN FACTS: 

-The contract includes 21 bolter miners and delivery of the equipment is scheduled during 2012 and 2013.

-"Sandvik already has 26 units of bolter miners in operation in Shenhua Shendong's sites, and another three units are currently in the process of being delivered. By 2013, the Sandvik bolter miner fleet in Shendong will comprise a total of 50 units," Gary Hughes, President Sandvik Mining said in a statement.

-At 0913 GMT shares traded 0.3% higher at SEK97.15.

-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097; katarina.gustafsson@dowjones.com

-0- 

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