Sandvik Receives Large Tubular Order

STOCKHOLM, June 5, 2018 /PRNewswire/ -- Sandvik's business area Sandvik Materials Technology, a world-leading developer and producer of advanced stainless steels and other high-performance materials, has secured a major order for advanced tubes related to the energy segment. The order value is approximately 500 million SEK, booked in the second quarter of 2018, and deliveries are primarily scheduled as from 2020.

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Sandvik Group

Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the Group had approximately 43,000 employees and sales of 91 billion SEK in more than 150 countries within continuing operations.

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SOURCE Sandvik