Sandvik considers further production footprint consolidation
Published by John Williams,
Editorial Assistant
Global Mining Review,
Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions.
The envisaged closure would be expected to be finalised by mid-2021 with full run rate of net savings of approximately SEK110 million. Costs related to the restructuring, amounting to approximately SEK-365 million, will impact Sandvik Machining Solutions’ operating profit in 1Q20, with the majority impacting cash flow.
Read the article online at: https://www.globalminingreview.com/environment-sustainability/21012020/sandvik-considers-further-production-footprint-consolidation/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Sandvik wins major order from LKAB for automated loaders
Sandvik has received a major order from the Swedish mining company LKAB to supply automated loaders for use at the Kiruna mine in northern Sweden.