Stockholm:SAND

Sandvik wins SEK 650 million mining equipment order and its third largest BEV order to date

Retrieved on: 
Tuesday, March 28, 2023
Bev, Carbon footprint, ICE, Mining, Cryptocurrency

The order, which includes 15 battery-electric vehicles (BEVs), and 20 conventional internal combustion engine (ICE) equipment units, is valued at approximately SEK 650 million and will be booked in the first quarter 2023.

Key Points: 
  • The order, which includes 15 battery-electric vehicles (BEVs), and 20 conventional internal combustion engine (ICE) equipment units, is valued at approximately SEK 650 million and will be booked in the first quarter 2023.
  • The order is Sandvik's first for BEVs in Latin America and its third-largest battery-electric mining fleet order to date.
  • Equipment deliveries are planned to begin in the third quarter 2023 and continue into the fourth quarter 2025.
  • The BEVs include loaders and twin-boom jumbos, and the conventional equipment ordered comprises loaders, trucks, bolters, production drills and a raiseborer.

Annual General Meeting of Sandvik Aktiebolag

Retrieved on: 
Wednesday, March 22, 2023
Employment, Participation, G4, Auditor, Annual, Audit committee, Meeting, Earnings per share, SEK, Social Security, Person, PwC, LTI, Report, Acquisition, Annual report, Section 22 of the Agricultural Adjustment Act, Kungsbron, Auditor's report, Growth, EPS, Swedish, Remuneration, Earnings before interest, taxes, depreciation and amortization, Chapter 19 (Legion), Committee, Annual general meeting, Management, Security (finance), Life insurance, Natural gas, Holding company, Cryptocurrency, Nasdaq Stockholm

The Nomination Committee proposes, pursuant to the recommendation of the Audit Committee, re-election of PricewaterhouseCoopers AB as Auditor for the period until the end of the 2024 Annual General Meeting.

Key Points: 
  • The Nomination Committee proposes, pursuant to the recommendation of the Audit Committee, re-election of PricewaterhouseCoopers AB as Auditor for the period until the end of the 2024 Annual General Meeting.
  • Since 2014 Sandvik's Annual General Meeting has annually resolved on long-term incentive programs for senior executives and key employees, in the form of performance share programs requiring investment by all participants.
  • The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to, for the period until the 2024 Annual General Meeting, resolve on acquisitions of the Company's own shares in accordance with the following conditions.
  • The authorization may be utilized on one or several occasions up to the 2024 Annual General Meeting.

Sandvik AB Annual Report 2022

Retrieved on: 
Friday, March 10, 2023
The Annual Report, Mining, Annual report, Sandvik, Cryptocurrency

STOCKHOLM, March 10, 2023 /PRNewswire/ -- The Sandvik AB Annual Report 2022 is from today available on the company website: https://www.annualreport.sandvik/en/2022

Key Points: 
  • STOCKHOLM, March 10, 2023 /PRNewswire/ -- The Sandvik AB Annual Report 2022 is from today available on the company website: https://www.annualreport.sandvik/en/2022
    The Annual Report has been printed in a limited edition and will be distributed to shareholders that have ordered the report.
  • The Annual Report is available, and can be ordered, at home.sandvik/investors .
  • This information is information that Sandvik AB is obliged to make public pursuant to the Securities Market Act.
  • Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries.

Sandvik invests in new load and haul factory in Malaysia to support growing mining BEV market

Retrieved on: 
Friday, March 10, 2023
Mining, SEK, Sandvik, Safety, Bev, Heavy equipment

STOCKHOLM, March 10, 2023 /PRNewswire/ -- Sandvik has decided to invest in a new production unit in Malaysia for manufacturing underground loaders and trucks.

Key Points: 
  • STOCKHOLM, March 10, 2023 /PRNewswire/ -- Sandvik has decided to invest in a new production unit in Malaysia for manufacturing underground loaders and trucks.
  • Equipment production is planned to begin in the fourth quarter of 2023 following factory upgrades and other site improvements.
  • The establishment of the new factory will help Sandvik Mining and Rock Solutions to cater to the growing demand for battery-electric vehicles (BEVs) in the mining industry.
  • Our mining customers in Asia Pacific will enjoy shorter lead times for equipment manufactured to the same Sandvik standards for quality and safety," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Sandvik announces changes to the Group Executive Management

Retrieved on: 
Tuesday, February 21, 2023
CDO, Communication, Essity, Sustainability, CIO, Digital, Large-group communication, Management

STOCKHOLM, Feb. 21, 2023 /PRNewswire/ -- Sandvik has appointed Sofia Sirvell as Chief Digital Officer (CDO) for the Sandvik Group and new member of the Group Executive Management as of March 1, 2023.

Key Points: 
  • STOCKHOLM, Feb. 21, 2023 /PRNewswire/ -- Sandvik has appointed Sofia Sirvell as Chief Digital Officer (CDO) for the Sandvik Group and new member of the Group Executive Management as of March 1, 2023.
  • Sofia Sirvell, born in 1974, is currently Sandvik Group Chief Information Officer (CIO), a position she has held since 2021.
  • Sofia Sirvell will continue to lead the global Group IT organization and report to Stefan Widing, CEO and President of Sandvik.
  • She has been in her current position and a member of the Group Executive Management since 2013.

Sandvik selected to supply record SEK 370 million worth of BEV equipment to Rana Gruber in Norway

Retrieved on: 
Wednesday, February 15, 2023
Bev, CO2, BEV, Mining, Iron, Dunderland Valley

The order is valued at approximately SEK 370 million, and includes trucks, loaders, drills, on-site service support and batteries.

Key Points: 
  • The order is valued at approximately SEK 370 million, and includes trucks, loaders, drills, on-site service support and batteries.
  • The BEV fleet will support Rana Gruber's ambitious goal to operate the world's first carbon-free iron ore mine by the end of 2025.
  • We very much look forward to helping Rana Gruber realize their decarbonization strategy," says Stefan Widing, CEO and President of Sandvik.
  • Rana Gruber produces approximately 1.8 million metric tons of iron ore concentrates annually from its five deposits in Norway's Dunderland Valley.

Christophe Sut, President of Sandvik Manufacturing Solutions, to leave Sandvik

Retrieved on: 
Monday, February 13, 2023
Mining, Central business district, Cryptocurrency

STOCKHOLM, Feb. 13, 2023 /PRNewswire/ -- Christophe Sut, President of Business Area segment Sandvik Manufacturing Solutions, has decided to leave Sandvik for a CEO position in a different company.

Key Points: 
  • STOCKHOLM, Feb. 13, 2023 /PRNewswire/ -- Christophe Sut, President of Business Area segment Sandvik Manufacturing Solutions, has decided to leave Sandvik for a CEO position in a different company.
  • "Christophe Sut has made a strong contribution during his time at Sandvik, strengthening our digital manufacturing offering.
  • I wish him all the best for the future," says Stefan Widing, CEO and President of Sandvik.
  • The following files are available for download:
    Christophe Sut, President of Sandvik Manufacturing Solutions, to leave Sandvik

Sandvik completes the acquisition of advanced mine optimization software provider Polymathian Industrial Mathematics

Retrieved on: 
Wednesday, February 1, 2023
Applied mathematics, EBITA, SMR, Sandvik, PPA, Acquisition, SEK, Mining

STOCKHOLM, Feb. 1, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics ("Polymathian"), an Australia-based provider of advanced mine optimization software and services.

Key Points: 
  • STOCKHOLM, Feb. 1, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics ("Polymathian"), an Australia-based provider of advanced mine optimization software and services.
  • Polymathian will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR).
  • The EBITA margin is approximately 40 percent and impact on Sandvik's earnings per share (excluding PPA) will be accretive.
  • For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

Save the date - Sandvik Capital Markets Day November 28, 2023

Retrieved on: 
Tuesday, January 31, 2023
Capital market, CFO, Mining, Cryptocurrency

STOCKHOLM, Jan. 31, 2023 /PRNewswire/ -- The Capital Markets Day on November 28, 2023 will be held in Tampere, Finland, at one of Sandvik Mining and Rock Solutions' largest sites.

Key Points: 
  • STOCKHOLM, Jan. 31, 2023 /PRNewswire/ -- The Capital Markets Day on November 28, 2023 will be held in Tampere, Finland, at one of Sandvik Mining and Rock Solutions' largest sites.
  • The event will commence with a casual dinner the night before, on November 27.
  • The Capital Markets Day provides an opportunity for institutional investors, financial analysts and financial media to get an update on Sandvik's strategy and key achievements.
  • The following files are available for download:
    Save the date - Sandvik Capital Markets Day November 28, 2023

Sandvik AB - Nomination Committee's proposal for Board of Directors for the 2023 Annual General Meeting

Retrieved on: 
Thursday, January 26, 2023
Annual, Committee, Sandvik, Mining, Cryptocurrency

STOCKHOLM, Jan. 26, 2023 /PRNewswire/ -- The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Helena Stjernholm, Stefan Widing and Kai Wärn.

Key Points: 
  • STOCKHOLM, Jan. 26, 2023 /PRNewswire/ -- The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Helena Stjernholm, Stefan Widing and Kai Wärn.
  • The Nomination Committee's other proposals will be made public in the notice convening the Annual General Meeting of Sandvik AB.
  • The Meeting will be held on April 27, 2023 in Sandviken, Sweden.
  • Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries.