Sandvik has announced a geographical shift, moving its global mining facilities from Euorpe and North America to India and China.
Sandvik Mining’s head of emerging market, Kobus Malan told The Hindu’s BusinessLine the company is relocating a number of its global mining equipment facilities from the US and Europe to India and China as part of its wider business two year re-organisation plan.
“A number of factories in Europe and USA are to be closed down. They were acquired during the 10-year long mining super cycle when chasing orders were a priority,” Malan said.
The main focus of this shift is in the coal mining space.
A Sandvik spokesperson told Australian Mining that these mining facility shifts are unlikely to affect Australian operations.