Welcome to our dedicated page for SANDVIK AB S/ADR news (Ticker: SDVKY), a resource for investors and traders seeking the latest updates and insights on SANDVIK AB S/ADR stock.
Sandvik AB S/ADR (SDVKY) is a global high-tech engineering group known for offering cutting-edge tools, solutions, and services for a variety of industries, including mining, construction, and manufacturing.
The company recently made headlines by acquiring Almü and Ahno, two leading cutting tools and solutions providers, to strengthen its position in lightweight materials and expand its presence in China. Sandvik also secured significant orders for electric rotary drill rigs in Mongolia and underground mining equipment in India.
With a strong focus on innovation, sustainability, and customer satisfaction, Sandvik continues to lead the industry with its advanced engineering competence and tailor-made precision tool solutions.
Rhea-AI Summary
The Nomination Committee of Sandvik AB proposes the re-election of the Board members and the election of Susanna Schneeberger as a new Board member. Schneeberger has extensive experience in international business, sales, marketing, strategy, acquisitions, and digital development. The Annual General Meeting will be held on April 29, 2024 in Sandviken, Sweden.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
-
Rhea-AI Summary
Sandvik has received its largest ever order for surface drill rigs, valued at SEK 248 million from US-based Sandvik dealer Country Boy Supply, LLC. The order was booked in the fourth quarter of 2023, with deliveries scheduled to start in the first quarter of 2024. The order consists of 34 surface drill rigs with automation as a key feature, to replace their current contractor fleet in Georgia and Tennessee. The partnership is expected to strengthen Sandvik's position in the surface drilling solutions market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Sandvik (SAND) will release its Q4 results on January 25, 2024, at 08:00 AM CET, followed by a webcast and conference call at 10:00 AM CET. The presentation will be led by Stefan Widing, President and CEO, and Cecilia Felton, CFO. Investors, analysts, and financial media can tune in live on home.sandvik. Dial-in details for the conference call are SE: +46 (0) 8 505 100 31, UK: +44 (0) 207 107 06 13, US: +1 (1) 631 570 56 13.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
News
Rhea-AI Summary
Sandvik (SDVK) has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. This acquisition aligns with Sandvik's strategic focus on high-growth industry segments, particularly sensorised tools and automation. Pro-micron's state-of-the-art offerings for diagnostics and process monitoring will help reduce production errors and increase automation for customers. The company's strong relationships with machine tool builders will also strengthen Sandvik's partnerships in the industry. With around 56 employees and headquarters in Kaufbeuren, Bavaria, Germany, pro-micron generated revenues of [insert financial figure] in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
-
Rhea-AI Summary
Sandvik AB (SAND) has received a major order from LKAB, the Swedish mining company, to supply automated loaders for use at the Kiruna mine in northern Sweden, the world's largest underground iron ore mine. The order is valued at approximately SEK 250 million and will be booked in the fourth quarter. This follows a recent SEK 120 million order from LKAB for automated loaders, received in the second quarter 2023. The total of the two orders includes 12 Toro™ LH625iE cable-electric loaders and five Toro™ LH621i loaders, all equipped with Sandvik's AutoMine® solution. Deliveries are scheduled to begin in January 2024 and continue through the end of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
-
Rhea-AI Summary
Sandvik (SDVK) has successfully acquired Buffalo Tungsten, Inc. (BTI), a prominent US-based manufacturer of tungsten metal powder and tungsten carbide powder. BTI, operating primarily in North America, will now be reported under Sandvik Machining Solutions (SMS). Established in 1987, BTI has 48 employees and is headquartered in Depew, New York. In 2022, the company generated revenues of [insert revenue figure here].
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
Rhea-AI Summary
Sandvik (SDVK) has secured a significant underground mining equipment order from JMMC, a subsidiary of JCHX Mining Management Co., Ltd., for the Kamoa-Kakula copper mine in the Democratic Republic of the Congo. The SEK 200 million order includes trucks, loaders, and longhole production drills, to be delivered in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
-
Rhea-AI Summary
Sandvik AB (SAND) is hosting a Capital Markets Day in Tampere, Finland, focusing on the company's shift to a growth strategy, its strong positions to capture growth opportunities, and its role as an enabler in customers' shift to innovation, digitalization, automation, and sustainable solutions. The event will showcase solutions for closed-loop manufacturing and the launch of a new battery-electric concept surface drill rig. Sandvik has made progress in the shift to growth strategy, invested in innovation, and acquired strategic assets. The company has revised its additive manufacturing strategy and financial targets for 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
-
Rhea-AI Summary
Sandvik has completed the acquisition of esco GmbH, a German-based supplier of software for power skiving. Esco will be reported in Sandvik Coromant, generating revenues of - in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
Rhea-AI Summary
Sandvik has signed an agreement to acquire Buffalo Tungsten, Inc. (BTI), a leading US based manufacturer of tungsten metal powder and tungsten carbide powder, primarily operating in North America. The acquisition will strengthen Sandvik's presence in the North American market and improve its competitive position by enhancing regional capacity to produce tungsten powder locally. The transaction is expected to close in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
FAQ
What is the current stock price of SANDVIK AB S/ADR (SDVKY)?
The current stock price of SANDVIK AB S/ADR (SDVKY) is $20.63 as of October 15, 2024.
What is the market cap of SANDVIK AB S/ADR (SDVKY)?
The market cap of SANDVIK AB S/ADR (SDVKY) is approximately 25.0B.
What industries does Sandvik AB operate in?
Sandvik AB operates in various industries, including mining, construction, and manufacturing, providing cutting-edge tools, solutions, and services.
What recent acquisitions has Sandvik AB made?
Sandvik AB recently acquired Almü and Ahno, two leading cutting tools and solutions providers, to strengthen its position in lightweight materials and expand its presence in China.
What significant orders has Sandvik AB secured recently?
Sandvik AB secured significant orders for electric rotary drill rigs in Mongolia and underground mining equipment in India.
What are some core values of Sandvik AB?
Sandvik AB focuses on innovation, sustainability, and customer satisfaction, leading the industry with its advanced engineering competence and tailor-made precision tool solutions.
SANDVIK AB S/ADR