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For the second time Sandvik resumes a loan agreement from The European Investment Bank (EIB).The new agreement amounts to 250 million EUR and is based on Sandvik's investments in Research and Development in Europe during the years of 2012 to 2015. A similar loan was signed in 2007 for activities carried out during the years 2007 to 2011.
The disbursement of the loan was made in October, which has a 10 year maturity. Amortization will start after four years.
"This loan extends and evens our debt maturity profile at the same time as it contributes to a further diversification of funding sources, in line with Sandvik's funding strategy," says Anders Örbom, Group Treasurer, Sandvik AB.
Stockholm, 25 October 2012
Sandvik Aktiebolag
Manitowoc has announced a new four axle Grove All Terrain crane, the 90 tonne GMK4090, an upgrade to the current GMK4080-1/GMK4100B which has been in production since 2006. The new GMK4090 features
Spanish tower crane manufacturer Jaso has introduced three new models to its product line. The J700 is the new addition to the manufacturer’s Top Line (H) series. According to Jaso this crane
Terex Cranes has unveiled the Demag AC 45 City crane, a compact new three-axle unit in the 45-tonne lifting capacity class aimed at urban applications, with a total length of only 8.68 metres, a
Ritchie Bros has announced plans to introduce its IronPlanet online-only equipment auction site to the UAE. The Canada-headquartered heavy equipment auctioneer said that the move would enable the
Caterpillar has expanded its hydraulic excavator (hex) product line with the addition of three new models, which will be available in the Middle East in the second quarter of 2018. The company
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