Sandvik wins major mining equipment order in Southeast Asia

Sandvik (SDVKY) has secured a significant mining equipment order valued at SEK 450 million from a leading mining customer in Southeast Asia.

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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.

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03/17/2025 - 05:19 AM

STOCKHOLM, March 17, 2025 /PRNewswire/ -- Sandvik has been awarded a major order for underground mining equipment from a leading mining customer in Southeast Asia. The order is valued at around SEK 450 million and was booked in the first quarter 2025.

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.

Stockholm, March 17, 2025
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

https://news.cision.com/sandvik/r/sandvik-wins-major-mining-equipment-order-in-southeast-asia,c4119392

The following files are available for download:

https://mb.cision.com/Main/208/4119392/3323063.pdf

Sandvik wins major mining equipment order in Southeast Asia

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of Sandvik's (SDVKY) new mining equipment order from Southeast Asia?

The order is valued at SEK 450 million and was booked in Q1 2025.

What types of equipment are included in Sandvik's (SDVKY) Southeast Asian mining order?

The order includes development drills, cable bolters, and load and haul equipment.

When will Sandvik (SDVKY) begin delivering the mining equipment for the Southeast Asian order?

Deliveries will begin in Q2 2025 and continue through Q1 2026.

Which region has placed the major mining equipment order with Sandvik (SDVKY)?

A leading mining customer in Southeast Asia placed the order.

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Sandvik wins major mining equipment order in Southeast Asia