# Sandvik invests SEK 350M in new mining equipment factory in Malaysia

Sandvik has decided to invest SEK 350 million in a new production unit in Malaysia for manufacturing underground loaders and trucks, with a focus on battery-electric vehicles. Equipment production is planned to begin in Q4 2023.

- Type: New facility
- Announced: 2023-03-10
- Where: Malaysia, Malaysia
- Value: $33.0M (350.0M SEK)
- Starts operating: Q4 2023
- Status: announced
- Capacity: 300 loaders and trucks and 500 battery cages per year by 2030
- Products: underground loaders, underground trucks, battery-electric vehicles, battery cages
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2023/03/sandvik-invests-in-new-load-and-haul-factory-in-malaysia-to-support-growing-mining-bev-market/), 2023-03-10: "Malaysia is among the most technologically developed countries in Southeast Asia and has abundant skilled labor, strong local industrial suppliers and reliable infrastructure."
- [gd.se](https://www.gd.se/naringsliv/sandvik-oppnar-ny-fabrik-i-malaysia/), 2023-03-10: "Under fredagen meddelade Sandvik att man kommer öppna en ny fabrik i Malaysia."
- [abmec.org.uk](https://abmec.org.uk/sandvik-invests-in-new-load-and-haul-factory-in-malaysia-to-support-growing-mining-bev-market/), 2023-03-10: "Malaysia is among the most technologically developed countries in Southeast Asia and has abundant skilled labor, strong local industrial suppliers and reliable infrastructure."
- [paultan.org](https://paultan.org/2023/03/13/sandvik-to-set-up-production-plant-in-malaysia-for-ev-mining-trucks-equipment-production-to-start-q4-2023/), 2023-03-13: "Demand of our loaders and trucks is exceeding our current production capacity at our existing factories."
- [ashu-aseanstatistics.com](https://ashu-aseanstatistics.com/news/105886-69418714310), 2023-03-15: "同社の代表者は、生産能力を超える受注が入っていることからマレーシアでの工場新設を決めたと説明。"
- [orissa-international.com](https://www.orissa-international.com/business-news/sandvik-to-construct-load-and-haul-factory-in-malaysia-to-meet-growing-mining-bev-market/), 2023-04-19: "Swedish engineering group Sandvik announced a new production facility in Malaysia for manufacturing underground loaders and trucks in order to meet demand for battery-electric vehicles (BEVs) in the mining industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.