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Sandvik Aktiebolaget (SDF)

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Friday 22 November, 2002

Sandvik Aktiebolaget

Sandvik initiates cooperation with leading Japanes

Sandvik initiates cooperation with leading Japanese manufacturer of
products to the mining and construction industries

Sandvik's Mining and Construction business area has reached an agreement
with Furukawa Co. Ltd in Tokyo, Japan, regarding products exchanges of
rock-drilling and demolition tools and certain production cooperation.
The intention in a first step is to be able to offer locally
manufactured products in Japan and to supplement the existing product
program. In addition to this, the two companies will define other areas
for continued cooperation.

Furukawa Co. Ltd has annual sales of about SEK 11,000 M, with 2,900
employees. The company is a leader in Japan in mining and construction
equipment, metals and electronic materials.

Sandviken, 22 November 2002

Sandvik Mining and Construction

For additional information, contact Anders Ilstam, President, Sandvik
Mining and Construction
+46 26 26 51 01.

Sandvik is a high-technology engineering group with advanced products
and world-leading positions in selected areas - tools for metalworking,
machinery and tools for rock excavation, stainless steel, special alloys
and resistance heating materials and process systems. The Group has
37,000 employees in 130 countries, with annual sales of approximately
SEK 55,000 M.

Sandvik Mining and Construction is a business area within the Sandvik
Group and a world-leading manufacturer of drilling and excavation
machinery, tools and service for the mining and construction industries.
Annual sales amount to about SEK 14,800 M, with 8,000 employees.


                                                                                                                                                                                 

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