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Sandvik receives SEK 140 million of mining BEV orders in June

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Sandvik has achieved a record order intake of approximately SEK 140 million for battery-electric mining vehicles (BEVs) in June 2021, marking its highest monthly total. The orders include seven Sandvik Z50 50-ton underground haul trucks and two Sandvik LH518B 18-ton loaders from Canadian mining customers. This surge follows successful trials that demonstrated the performance capabilities of Sandvik's BEVs. President Henrik Ager expressed satisfaction with the increasing customer interest, highlighting a commitment to sustainable mining solutions.

Positive
  • Record order intake of SEK 140 million for mining BEVs in June.
  • Successful trials led to confirmed orders from Canadian clients.
  • Commitment to sustainability aligns with growing demand for eco-friendly mining solutions.
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SANDVIKEN, Sweden, June 30, 2021 /PRNewswire/ -- Sandvik received orders for battery-electric mining vehicles (BEVs) amounting to about SEK 140 million in June, marking Sandvik's highest ever order intake for mining BEVs in a single month. In addition, commitments for battery-as-a-service (BaaS) contracts have also been secured.

The BEV orders from Canadian mining customers included seven Sandvik Z50 50-ton underground haul trucks and two Sandvik LH518B 18-ton loaders. The strong order momentum comes on the back of successful trials at customer sites, with Sandvik's BEVs meeting the rigorous performance requirements set out.

"I am pleased to see the high interest among customers in our battery-electric offering, and these orders underpin commitment to a more sustainable mining future," says Henrik Ager, President of business area Sandvik Mining and Rock Solutions.

Stockholm, 30 June 2021

Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-receives-sek-140-million-of-mining-bev-orders-in-june,c3377389

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Sandvik receives SEK 140 million of mining BEV orders in June

Cision View original content:https://www.prnewswire.com/news-releases/sandvik-receives-sek-140-million-of-mining-bev-orders-in-june-301323304.html

SOURCE Sandvik

FAQ

What was Sandvik's order intake for mining BEVs in June 2021?

Sandvik received approximately SEK 140 million in orders for battery-electric mining vehicles in June 2021.

What types of mining vehicles did Sandvik receive orders for in June?

The orders included seven Sandvik Z50 50-ton underground haul trucks and two Sandvik LH518B 18-ton loaders.

Who is the President of Sandvik Mining and Rock Solutions?

Henrik Ager is the President of Sandvik Mining and Rock Solutions.

What does the increase in BEV orders indicate for Sandvik?

The increase in BEV orders indicates a strong customer interest and commitment to sustainable mining practices.

SANDVIK AB S/ADR

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