Asia / Oceania
Sandvik secures major Asian contract
May, 14 2012
(Asia) -- Global industrial group Sandvik Mining has secured a three year contract for the design and supply of continuous mining equipment to a client in Asia. The equipment will be used for removing overburden and coal handling.
Sandvik Mining’s business president Gary Hughes says, “This new contract confirms our strong customer offering and again demonstrates our capabilities of providing excellent technical solutions based on our vast competence in the area of continuous mining and materials handling applications.”
The contract, valued at around 1.1 billion Swedish krone, will be a core part of Sandvik Mining’s business until 2015.
Sandvik Mining is a company within the Sandvik Group, supplying equipment, tools, service and technical solutions for the mining industry. The group boasts more than 50,000 employees across 130 countries. This year the parent company has posted record orders and an unprecedented rise in quarterly earnings after strong demand for its industrial tools.
Sandvik says order bookings in the first three months of the year rose 16% to a record Aus$4.3 billion compared with a forecast for Aus$3.8 billion. Its operating earnings rose 17% within the same period.
In March, Sandvik Mining opened its most advanced integrated site near Newcastle in New South Wales. The $50 million Hunter Valley Site integrates a number of the company’s operations into a single facility – which is one of the largest manufacturing, assembly, distribution and aftermarket service centres in the world.
The annual turnover at the HVS will be between Aus$200-$300 million through manufacturing, repairs, rebuilds, refurbishments, aftermarket and spare parts contracts to local and international clients.
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