STOCKHOLM - Sandvik AB, a high-tech engineering group, has announced receiving its largest order ever for surface drill rigs, worth SEK 248 million. The significant purchase was made by the US-based dealer Country Boy Supply, LLC, with bookings recorded in the fourth quarter of 2023. The Swedish company expects to start deliveries in the first quarter of 2024.
The order comprises 34 surface drill rigs intended to replace the existing contractor fleet in Georgia and Tennessee. A notable aspect of the new equipment is the inclusion of automation features, with some rigs being equipped with Sandvik AutoMine® readiness. These advanced surface drill rigs will be utilized for production drilling in large quarries or open pit mines, as well as on various construction work sites.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction with the expansion of their partnership with Country Boy Supply. He highlighted that the delivery of these high-performance surface drill rigs is anticipated to reinforce Sandvik's market position in surface drilling solutions.
This strategic order aligns with Sandvik's focus on enhancing its product offerings with intelligent and automated solutions, catering to the evolving needs of the mining and construction industries.
The financial details of the transaction were not disclosed beyond the order value. Sandvik, headquartered in Stockholm, is known for its commitment to engineering innovation and has a global presence in more than 160 countries.
The news of this transaction is based on a press release statement from Sandvik.
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