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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Sandvik to close plant in Koping, cut 145 jobs
Thursday, 17 Sep 2015 09:50am EDT 

Sandvik AB:Will close its plant in the Swedish town of Koping and cut 145 jobs.Production will be moved to plants in Sandviken and in India.Company, one of the world's top makers of mining equipment and metal-cutting tools, is in the midst of a restructuring programme to be completed by the end of 2016, set to deliver annual savings of 1.1 billion Swedish crowns.  Full Article

Sandvik says to maintain operations in Turku, Finland
Monday, 7 Sep 2015 08:00pm EDT 

Sandvik AB:Says has decided to maintain its operations in Turku, Finland.Says decision is taken after further investigation of the competitive landscape, the current market situation and risks involved.Said in June it had decided to close the site, which has 460 employees.Says the original decision was taken as part of Sandvik’s supply chain optimization program, which is progressing as communicated.Says the impact of the decision will now be evaluated in the perspective of the supply chain optimization program as a whole.  Full Article

Sandvik names Björn Rosengren new President and CEO
Monday, 10 Aug 2015 11:30am EDT 

Sandvik AB:Says Olof Faxander has left his current position as President and CEO and the company as of Aug. 10.Says Björn Rosengren, currently President and CEO of Wärtsilä Corporation, will succeed Olof Faxander as of Nov. 1.  Full Article

Sandvik says wins more than 600 mln SEK mining systems order
Monday, 6 Jul 2015 10:00am EDT 

Sandvik AB:Sandvik secures major mining systems order in South Africa.Says value of contract exceeds 600 million SEK.  Full Article

Sandvik AB declares dividend payment
Thursday, 7 May 2015 02:55pm EDT 

Sandvik AB:Resolved to pay a dividend of 3.50 Swedish Crowns per share.The record date for payment of the dividend was set on May 11.The dividend is expected to be sent by Euroclear Sweden AB on May 15.  Full Article

Sandvik says parties agree to pull out of talks on JV with Zhuzhou - Reuters
Monday, 27 Apr 2015 02:45am EDT 

Sandvik AB:Says a low and volatile oil price hampered demand, particularly for Sandvik Venture, due to the rapid and sharp drop in on-shore drilling activity in North America - Reuters.Says cancellation of one order valued at 700 million Swedish crowns in SMT.Says relating to the earlier announcement of a potential joint venture with Zhuzhou, the parties have agreed not to pursue the discussions.  Full Article

UPDATE 1-Sandvik says failed to close deal to sell Mining Systems

Jan 19 Swedish engineering firm Sandvik said on Thursday it had failed to close a deal to sell the loss-making Mining Systems unit to CoBe Capital. It said the process to exit the business would now continue with different interested buyers.