Sandvik wins major mining equipment order in Mexico

Rhea-AI Summary

Sandvik (SDVKY) has secured a significant mining equipment order worth SEK 430 million from La Cantera Desarrollos Mineros, a leading Mexican underground mining contractor. The comprehensive order includes loaders, drill rigs, and rock bolters, with deliveries scheduled between 2025 and 2028. This order strengthens the long-standing partnership between Sandvik and La Cantera Desarrollos Mineros, focusing on enhancing safety, reliability, and innovation in mining operations. The order was booked in the second quarter of 2025, marking a substantial business win for Sandvik's mining equipment division.

AI-generated analysis. Not financial advice.

Positive

• Secured large order worth SEK 430 million, demonstrating strong market position
• Multi-year delivery schedule (2025-2028) provides steady revenue visibility
• Strengthens existing relationship with major Mexican mining contractor
• Diversifies geographic revenue with significant presence in Mexican market

Negative

• None.

News Market Reaction – SDVKY

+1.96%

1 alert

+1.96% News Effect

On the day this news was published, SDVKY gained 1.96%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, June 16, 2025 /PRNewswire/ -- Sandvik has been awarded a large underground mining equipment order from La Cantera Desarrollos Mineros, one of Mexico's leading underground mining contractors. The order is valued at approximately SEK 430 million and was booked in the second quarter, 2025.

The order includes amongst others, loaders, drill rigs and rock bolters. Deliveries are scheduled to begin in 2025 and continue through 2028.

"We are very pleased to grow our long-standing partnership with La Cantera Desarrollos Mineros, and look forward to continue supporting safety, reliability and innovation in their operations," says Mats Eriksson, President of business area Mining.

Stockholm, June 16, 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-mexico,c4164521

The following files are available for download:

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Sandvik wins major mining equipment order in Mexico

 

FAQ

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

The order from La Cantera Desarrollos Mineros is valued at approximately SEK 430 million.

When will Sandvik (SDVKY) deliver the mining equipment to La Cantera Desarrollos Mineros?

Deliveries are scheduled to begin in 2025 and continue through 2028.

What types of equipment are included in Sandvik's Mexican mining order?

The order includes loaders, drill rigs, and rock bolters.

Which quarter was the Mexican mining equipment order booked in for Sandvik?

The order was booked in the second quarter of 2025.

Who placed the large mining equipment order with Sandvik in Mexico?

La Cantera Desarrollos Mineros, one of Mexico's leading underground mining contractors, placed the order.