Sandvik signs new loan agreement to support R&D initiatives


SANDVIK has announced it has signed a EUR 500 million loan agreement with the European Investment Bank (EIB) to support the company’s investments in research and development.

The business revealed this will 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,” said Stefan Widing, president and CEO of Sandvik. “The EIB cooperation will support our R&D initiatives and our aim to stay at the forefront and develop our technology leadership.”