Sandvik has signed a seven-year loan of EUR 500 million (equivalent to SEK 5.6 billion) from the European Investment Bank (EIB), the engineering group writes in a press release.
"The loan will support Sandvik's investments in research and development, which includes advanced solutions for component manufacturing and solutions in electrification and automation for the mining and infrastructure segments", says Sandvik.
The statement comes for Friday's financial statements for 2022 from Sandvik.