Sandvik signs EUR 500 million loan agreement with the European Investment Bank
STOCKHOLM, Jan. 18, 2023 /PRNewswire/ -- Sandvik has signed a EUR 500 million loan agreement with the European Investment Bank (EIB). The loan will support Sandvik's investments in research and development (R&D), which 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. The EIB cooperation will support our R&D initiatives and our aim to stay at the forefront and develop our technology leadership," says Stefan Widing, President and CEO of Sandvik.
The loan has a seven-year tenor and will support Sandvik's R&D investment plans until 2025.
Stockholm, January 18, 2023
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.
AKOOL, a leading generative AI platform for personalized visual marketing and advertising, proudly announces the launch of two groundbreaking features: the Web-Based Real-Time Face Swap and the Advanced Streaming Avatar. These innovative tools are...
The global anti-inflammatory therapeutics market size is estimated to grow by USD 38.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.3% during the forecast period. Increase in off-label use is...
Pulse Biosciences, Inc. (the "Company" or "Pulse Biosciences"), a company leveraging its novel and proprietary CellFX® Nanosecond Pulsed Field Ablationtm (nsPFAtm) technology, announced today the closing of its rights offering and the final results...
"I thought there could be a better way to listen to TVs in public venues such as a bar, hotel lobby, or restaurant where the sound is often turned down or at a low volume," said an inventor, from Fairbanks, Alaska, "so I invented the BREW CREW...
NASA astronaut Patrick G. Forrester retired June 29, after a career spanning 31 years of service and three spaceflights. He went on to become chief of NASA's Astronaut Office, and most recently served as an advisor to the associate administrator for...
Brains is proud to be Certifiedtm by Great Place To Work® for the 7th year in a row. The prestigious award is based entirely on what current employees say about their experience working at Brains....
