Sandvik and Shandong Energy Machinery form joint venture for coal mining equipment

Sandvik's mining and construction division and China's Shandong Energy Machinery Co. formed a 50/50 joint venture to produce coal mining equipment, expected to be established within six months and operational by late 2011.

“This joint venture agreement is in line with Sandvik’s long-term strategy of continued profitable growth and our aim to become a leading equipment supplier to the Chinese coal mining market.”miningdigital.com

• 1 source
• miningdigital.comSandvik & Shandong Energy Machinery Co. Form Joint Venture | Mining DigitalMay 17, 2020

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