EconomicsCompaniesFrom EuropeFrom SwedenSandvik

Sandvick Invests in R&D for Mining and Infrastructure Solutions with Huge EIB Loan Agreement

By Newsroom of HeavyQuip Magazine
EconomicsCompaniesFrom EuropeFrom SwedenSandvik

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Sandvik has signed a EUR 500 million loan agreement with the European Investment Bank (EIB). The loan will support Sandvik’s investments in research and development (R&D), which include advanced solutions in component manufacturing as well as solutions for electrification and automation in mining and infrastructure.

“We have a strong strategic focus on developing solutions that improve sustainability, productivity and safety in our core industries of mining, component manufacturing and infrastructure. The EIB cooperation will support our R&D initiatives and our aim to stay at the forefront and develop our technology leadership,“

says Stefan Widing, President and CEO of Sandvik.

The loan has a seven-year tenor and will support Sandvik’s R&D investment plans until 2025.

Source: Sandvik

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