Sandvik wins major order to mine in Southeast Asia

Sandvik announced a significant order to supply a fleet of intelligent underground drills to a mining customer in Southeast Asia.

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Rhea-AI Summary

Sandvik announced a significant order to supply a fleet of intelligent underground drills to a mining customer in Southeast Asia. The order, valued at approximately SEK 500 million, was booked in Q2 2024. The agreement includes development drills, rock bolters, and longhole drills. Deliveries are scheduled to begin in Q3 2024 and will continue through Q2 2025.

Positive

Order valued at SEK 500 million booked in Q2 2024
Delivery of intelligent underground drills to Southeast Asia
Order includes development drills, rock bolters, and longhole drills
Deliveries scheduled from Q3 2024 to Q2 2025

Negative

None.

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07/01/2024 - 07:21 AM

STOCKHOLM, July 1, 2024 /PRNewswire/ -- Sandvik will deliver a fleet of intelligent underground drills to a mining customer in Southeast Asia.

The order is valued at approximately SEK 500 million and was booked in the second quarter 2024. The order includes development drills, rock bolters and longhole drills. Deliveries will begin during Q3 2024 and continue through Q2 2025.

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-order-to-mine-in-southeast-asia,c4009348

The following files are available for download:

https://mb.cision.com/Main/208/4009348/2894642.pdf

Sandvik wins major order to mine in Southeast Asia

View original content:https://www.prnewswire.com/news-releases/sandvik-wins-major-order-to-mine-in-southeast-asia-302186863.html

SOURCE Sandvik

FAQ

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

What is the value of Sandvik's order to supply drills in Southeast Asia?

The order is valued at approximately SEK 500 million.

When was Sandvik's SEK 500 million order booked?

The order was booked in the second quarter of 2024.

What types of equipment are included in Sandvik's recent order in Southeast Asia?

The order includes development drills, rock bolters, and longhole drills.

When will Sandvik begin and complete deliveries for the Southeast Asia order?

Deliveries will begin in Q3 2024 and continue through Q2 2025.

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Sandvik wins major order to mine in Southeast Asia