SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.

Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020.

Anders Candell is appointed new Senior Vice President IT at Skanska AB as of August 17, 2020.

Hexagon’s Mining division has appointed Nick Hare as its new President. Hare has been integral to the division’s growth since joining in 2016, transforming it from legacy acquisitions to an integrated unified business. He was previously Chief Operating Officer and Chief Financial Officer for the division.

The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin and Helena Stjernholm, and the election of Kai Wärn and Stefan Widing as new Board members. Johan Molin is proposed to be re-elected Chairman of the Board.

Linn Andersson appointed as General Manager for Boliden Rönnskär.

Peter Bergman has been appointed as General Manager for The Boliden Area. For the last two years, Peter has been General Manager in Kevitsa and before that he worked as Mine Manager in Kankberg, Maurliden and acting General Manager at Aitik.

Endomines announces that it has appointed Greg Smith as Chief Executive Officer of the company. Greg has, on a consultancy basis, been leading Endomines’ operations in the US and Finland since June 5th 2019, when Endomines communicated that it was evaluating the appointment of Greg as CEO of Endomines. Greg Smith will assume the position of CEO as soon as he has been granted a Swedish work permit (Sw. ICT-tillstånd), which is expected to be granted in February 2020, by the latest.

Boliden has decided to invest SEK 300 m with the aim of expanding electrified transportation in Aitik and implementing the corresponding technology in Kevitsa. Investments will be made mainly during 2020-2021.

Nordic Iron Ore announces that the Executive Summary of the Blötberget Feasibility Study (undertaken by Golder Associates) has been published.

The finalists for the Swedish Steel Prize 2019 have now been named and include four revolutionary design concepts that fully utilize the characteristics of premium steel within SSAB’s product range. The winner will be announced at a ceremony in Stockholm on November 14 that celebrates the 20th anniversary of the Swedish Steel Prize.

Skanska has signed an agreement with Fortum Sweden to renovate Trängslet’s hydropower plant in Älvdalen municipality, Sweden. The contract is worth about SEK 320 M, which will be included in the Swedish order bookings for the third quarter 2019.

Björn Rosengren, President and CEO of Sandvik, has informed the Chairman of the Sandvik Board that he intends to resign and leave the company as of 1 February 2020.

BE Group changes Chairman of the Board in conjunction with Peter Andersson taking office as CEO on October 1, 2019

Epiroc, a leading productivity provider for the mining and infrastructure industries, will expand one of its main production facilities, in Örebro, Sweden, to boost productivity and ensure long-term efficiency.  

Skanska has signed an agreement with Trafikverket, the Swedish Transport Administration, to build double lanes for the freight railway Hamnbanan, the Eriksberg-Pölsebo stage, in Gothenburg, Sweden. The contract is worth about SEK 1.3 billion, which will be included in the order bookings for Skanska Sweden for the third quarter of 2019.

Daniel Peltonen has been appointed new President Boliden Smelters. He will assume the role during December 2019 and will be part of Boliden's Group Management.

Epiroc, a leading productivity partner for the mining and infrastructure industries, has entered into an agreement to divest its geotechnical consumables product line.

Epiroc, a leading productivity provider for the mining and infrastructure industries, today holds the groundbreaking ceremony for a new heat treatment plant for rock drills in Örebro, Sweden.