Sandvik AB

Sandvik AB (SANDVIK) (STO: SAND-B). The principal activity of the Group is producing tools, mining and construction equipment and steel products. The Group operates under four segments, which are Tooling, Mining and construction, Specialty steels and Seco tools. The tooling segment manufactures tools and tooling systems for metal working applications as well as blanks and components. The Mining and construction segment manufactures rock excavation equipment for mining activity. The Speciality steel segment produces special alloys and resistance heating materials. Tooling accounted for 34% of 2001 revenues; specialty steel, 30%; mining & Construction, 28% and seco tools, 8%.Acquired Valenite (USA) in June 2002.