Sandvik wins major mining equipment order in Southeast Asia
Rhea-AI Summary
Sandvik (SDVKY) has secured a significant mining equipment order valued at SEK 450 million from a leading mining customer in Southeast Asia. The order encompasses development drills, cable bolters, and load and haul equipment.
The deliveries are scheduled to commence in Q2 2025 and continue through Q1 2026. The order was booked in Q1 2025, demonstrating customer confidence in Sandvik's intelligent underground drills and productive load and haul equipment solutions.
Positive
- Secured major order worth SEK 450 million
- Order demonstrates customer confidence in Sandvik's mining solutions
- Established delivery timeline spanning Q2 2025 to Q1 2026
Negative
- None.
News Market Reaction – SDVKY
On the day this news was published, SDVKY gained 0.73%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The order includes development drills, cable bolters and load and haul equipment. Deliveries are scheduled to begin in the second quarter 2025 and continue through the first quarter 2026.
"We are pleased to be awarded this order, which shows the customer's confidence in our intelligent underground drills and highly productive load and haul equipment," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.
Sandvik AB
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
This information was brought to you by Cision http://news.cision.com
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