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Sandvik Strengthens its Organization in Powder Technology

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Sandvik Materials Technology, Strip Products Div.
2235 Dewey Ave.
Benton Harbor, MI, 49022
USA



Press release date: October 3, 2007

Sandvik Materials Technology is strengthening its organization within the field of powder technology. During the first quarter 2008, Carina Andersson, currently Managing Director of Ramnäs Bruk, will become General Manager for powder technology within Sandvik Materials Technology.

"With the recruitment of Carina Andersson we will further strengthen the organization with expertise of conducting business development operations in the field of powder technology," says Peter Gossas, President of Sandvik Materials Technology. "This is part of our strategic plan with regard to development and manufacturing of powder-based materials and applications."

Sandvik Materials Technology's operations in powder technology involve research, development and manufacturing of customized components of high-alloyed steel as well as nickel- and cobalt-based alloys, production of powder-based billets at the company's plant in Surahammar, Sweden and of fine-grain, high-alloy powder in Wales in the UK.

Sandvik is a global industrial group with advanced products and world-leading positions in selected areas - tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. The Group had at the end of 2006 about 42,000 employees and representation in 130 countries, with annual sales of more than SEK 72,000 M.

Sandvik Materials Technology is a business area within the Sandvik Group and a world-leading manufacturer of high value-added products in advanced stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. Annual sales in 2006 amounted to about SEK 19,300 M, with 8,600 employees. The product areas comprise Tube, Strip, Wire, Kanthal and Process Systems and MedTech.
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