Sandvik Gets SEK1.2 Billion Latin American Contract
03 May 2011 - 8:24PM
Dow Jones News
DOW JONES NEWSWIRES
Swedish engineering company Sandvik AB (SAND.SK) Tuesday said
its Mining and Construction (SMC) unit has signed a materials
handling contract with a major mining company in Latin America,
worth SEK1.2 billion.
MAIN FACTS:
-The order includes design and supply of a long distance belt
conveyor system, for downhill transportation, with designed
capacity of 19,200 metric tons per hour of iron ore.
-Deliveries will start in 2011 and the project will be executed
and contribute to SMC business between 2011 and 2013, the company
said.
-The start of the operation is scheduled for 2013.
-At 0952 shares traded 0.6% lower at SEK124.9.
-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;
djnews.stockholm@dowjones.com
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