Sandvik, a producer of tools and tooling systems in advanced stainless steels, special alloys and titanium, with several branches in North and South America, has decided to initiate divestment of the project business Mining Systems. Mining Systems is a separate product area within Sandvik Mining and a supplier of design and engineering of material handling systems for the mining industry.
“Divestment of Mining Systems will make Sandvik Mining more focused on its core operations, mining equipment and aftermarket offerings for both underground and surface mines, which Sandvik will continue to develop to ensure long term value creation,” says Mats Backman, CFO and acting President and CEO for Sandvik.