Sandvik Awarded SEK600 Million Mining Order In South Africa
July 06 2015 - 9:45AM
Dow Jones News
By Christina Zander
STOCKHOLM--Sandvik AB (SAND.SK) on Monday said it's mining
business has been awarded a major materials handling contract to
South Africa.
The Swedish company, which makes tools for customers in the
mining, construction and energy sectors, said the value of the
contract exceeds 600 million Swedish kronor ($70.9 million) and was
booked in the second quarter of 2015. It will be executed and
contribute to Sandvik Mining's business for the period of the years
2015 until 2017.
At 1403 GMT, Sandvik shares were down 0.8% at SEK91.45
Write to Christina Zander at christina.zander@wsj.com
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