Sandvik Coromant and Joe Gibbs Racing Sign Partnership for Two More Successful Years


Fair Lawn, New Jersey, February 10, 2009 - Continued success for the winning combination of Joe Gibbs Racing and Sandvik Coromant is guaranteed as the two sign up to extend their partnership for another two years.

To race in NASCAR requires precision cars. To be successful puts even higher demands on the driver and the equipment. Joe Gibbs Racing is constantly looking for ways to maintain their leadership position and teaming up with the market leader of cutting tools, Sandvik Coromant, ensures they get the best support for their team.

So what makes Sandvik Coromant the right tooling supplier to align with?

"We are always looking for ways to continue improving machining of parts which will ultimately result in better performing cars and continuous success. Demands to consistently produce flawless parts with lead times ranging from mere hours to days spells the difference between first and last place finishes." said Mark Bringle, Manager Technical Sponsors at Joe Gibbs Racing.

"When we bring in a technology partner we like the expertise to come with the product. Sandvik Coromant supports with more than tools, their expertise is by far the best in the business. We have developed our way of working, and I can tell you that we work much smarter and more efficiently today than 6 - 7 years ago," continued Mr. Bringle.

In a partnership that in fact started some 7 years ago, the two companies have been able to work together, machinists and Sandvik Coromant representatives, to identify and capitalize on areas displaying a potential for improvement. Bo Shomaker and Eric Gerringer still visit a couple of times per month to advise and discuss on everything from choice of the right products to ways to machine parts faster and more efficiently. Today 24 machines operate 20 hours a day to produce 900 different parts. About 80 percent of those parts are made with tools from Sandvik Coromant and Sandvik Coromant tools are used exclusively on all Joe Gibbs Racing machines.

"We consider them to be a major player in the core of our business and the continuation of the partnership is definitely a smart move," said JD Gibbs, Team President at JGR. "During the years, we have learned the importance of having control of the quality of every single part in our cars. By working with Sandvik Coromant we know that the quality is top of the line and our chances for success are great."

About Sandvik Coromant

As the world-leading supplier of high quality cutting tools, Sandvik Coromant helps customers think smart, work smart and earn smart. The company provided US customers with $79 million in documented cost savings in 2008.

For more information regarding products, applications and services that can help you earn smart, contact

Sandvik Coromant Company, 1702 Nevins Road, Fair Lawn, NJ 07410, phone 201.794.5223, fax 201.794.5217 or visit http://www.coromant.sandvik.com/us.

CONTACT:

Bjorn Roodzant
201.794.5223

Jim May, dgs
317.813.2226

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