Sandvik selected to supply record SEK 370 million worth of BEV equipment to Rana Gruber in Norway
SANDVIK AB S/ADR (SDVKY)
NASDAQ:AMEX Investor Relations:
home.sandvik/en/investors/share-price-monitor/adr-program
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Source: PR Newswire
STOCKHOLM, Feb. 15, 2023 /PRNewswire/ -- Sandvik has been selected to supply a fleet of 19 battery-electric vehicles (BEVs) for use at Rana Gruber's iron ore mine operations in Storforshei in northern Norway. The order is valued at approximately SEK 370 million, and includes trucks, loaders, drills, on-site service support and batteries. About 85% of the total value will be booked in the first quarter 2023, and the remaining part was booked in December 2022. Deliveries are planned to begin during the first quarter of 2023 and continue through 2024.The BEV fleet will support Rana Gruber's ambitious goal to operate the world's first carbon-free iron ore mine by the end of 2025. In addition to enabling reduced CO2 emissions, Sandvik's highly productive BEV solutions also provide proven substantial benefits to the work environment, eliminating exhaust emissions and reducing heat and noise pollution."I am very pleased to see that there is such strong customer interest in our battery-elect
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