News: January 2012

Press release: 25 MSEK contribution to a local foundation

In connection with Sandvik's 150th anniversary, we have the pleasure of announcing the following.

Press release: Change of number of shares and votes

As a result of the share issue in kind recently implemented by Sandvik AB in connection with the takeover offer to the shareholders of Seco Tools AB, the number of shares and votes in the company has increased by 66,889,974.

Press release: Sandvik celebrates 150 years

On 31 January, it will be 150 years to the day since Göran Fredrik Göransson's new company was formed in Sandviken, Sweden.

Press release: Sandvik Materials Technology continues to restructure wire- and strip operations

Sandvik Materials Technology today initiated negotiations with the unions in Sweden to restructure the wire and resistance strip operations, which will enable a shift in the product mix toward more advanced and profitable products in key segments, such as the energy sector.

Press release: Sandvik reduces workforce in Mining and Construction

Actions to achieve the goals in Sandvik's new Group strategy for the Sandvik Mining and Sandvik Construction business areas have now been identified and approved. This will result in the workforce being reduced by 400 employees and a non-recurring cost of about SEK 500 M, which will be recognized in the fourth quarter of 2011.

Press release: Sandvik extends the acceptance period for the offer to acquire Seco Tools