Sandvik

Sandvik renews credit facility

2/3/2012 3:01 AM EST

Sandvik has concluded an agreement for a guaranteed credit facility with a five-year term, with the option to extend it up to seven years. The facility, which is divided into two currencies comprising 650 MEUR and 5 billion SEK, has been placed at the disposal of the company by the following banks: Handelsbanken, Nordea and SEB acting as coordinators, in addition to Bank of Tokyo-Mitsubishi, Barclays, Citi, Danske...

The Board of Directors of Sandvik AB proposes a long-term incentive program 2012

2/1/2012 2:31 AM EST

The Board of Directors of Sandvik AB proposes that the Annual General Meeting resolve on a long-term incentive program for 2012 (LTI 2012) encompassing approximately 350 senior executives and key individuals within the Group, on substantially the same terms and conditions as the 2011 long-term incentive program.

Participants are offered allotment of employee stock options that entitle the holder to acquire Sandvik...

Interim report fourth quarter and full-year 2011

2/1/2012 2:01 AM EST

STABLE DEMAND DURING THE QUARTER

· Fourth quarter
· Order intake 23,990 MSEK
· Invoiced sales 25,104 MSEK
· Operating profit 1,649 MSEK
· Operating margin 6.6%
· Adjusted operating profit* 3,240 MSEK
· Adjusted operating margin* 12.9%
· Cash flow from operations +3,312 MSEK

· Full-year 2011
· Order intake 99,078 MSEK
· Invoiced sales 94,084 MSEK
· Operating profit 10,148 MSEK
· Adjusted operating...

Sandvik holds approximately 99.4% of the shares and 99.8% of the votes in Seco T...

2/1/2012 1:53 AM EST

This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions...

Sandvik celebrates its 150th anniversary today, 31 January 2012

1/31/2012 3:31 AM EST

In connection with Sandvik’s 150th anniversary, we have the pleasure of announcing the following.

Sandvik makes a 25 MSEK contribution to a foundation
Sandvik is offering 25 MSEK for the establishment of a foundation for the purpose of promoting, broadening and strengthening the local business community. Using the funds provided, the “Foundation for the promotion of business development in Sandviken” will make...

Change of number of shares and votes in Sandvik AB

1/31/2012 2:31 AM EST

As a result of the share issue in kind recently implemented by Sandvik AB in connection with the takeover offer to the shareholders of Seco Tools AB, the number of shares and votes in the company has increased by 66,889,974. As per 31 January 2012, the total number of shares and votes in the company consequently amounts to 1,253,177,149. As per the same date, the company’s share capital amounts to...

Sandvik celebrates 150 years on 31 January 2012

1/30/2012 4:01 AM EST

On 31 January, it will be 150 years to the day since Göran Fredrik Göransson’s new company was formed in Sandviken, Sweden. At that time, Sandvik was first in the world to use the Bessemer process, which would revolutionize steel manufacturing. The company quickly became one of the world’s leaders in its industry. For 150 years, Sandvik has successfully operated and evolved by continuously being innovative and...

Sandvik Materials Technology continues to restructure wire- and strip operations

1/18/2012 3:31 AM EST

Sandvik Materials Technology today initiated negotiations with the unions in Sweden to restructure the wire and resistance strip operations, which will enable a shift in the product mix toward more advanced and profitable products in key segments, such as the energy sector.
The restructuring will primarily affect production of wire and resistance strip in Hallstahammar, Sweden, which will be discontinued over...

Sandvik reduces workforce in Mining and Construction

1/18/2012 3:01 AM EST

Actions to achieve the goals in Sandvik’s new Group strategy for the Sandvik Mining and Sandvik Construction business areas have now been identified and approved. This will result in the workforce being reduced by 400 employees and a non-recurring cost of about SEK 500 M, which will be recognized in the fourth quarter of 2011.

In most cases, the global workforce reduction of 400 employees in Sandvik Mining and...

Sandvik holds approximately 98.7% of the shares and 99.6% of the votes in Seco T...

1/16/2012 2:31 AM EST