Sandvik receives €500m EIB loan for R&D

Sandvik, the Sweden-based manufacturer of crushing and screening equipment, has secured a €500 million loan from the European Investment Bank (EIB).

The company said the loan had been agreed on “favorable terms” and has a seven-year tenor.

It said the loan would be used to support its R&D (research and development) investment plans until 2030, aimed at developing new advanced, productive, safe and sustainable solutions across the Group’s businesses.

Stefan Widing,…

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