Sandvik Materials Technology Wins Large Order for the Leviathan Gas Field

STOCKHOLM, Sweden, April 11, 2017 /PRNewswire/ --

Sandvik Materials Technology, a world-leading developer and producer of advanced stainless steels and other high-performance materials, has secured the contract to be the sole provider of stainless steel umbilical tubes for the Leviathan gas field in the Mediterranean Sea, offshore Israel. The order was booked in the first quarter and the value is about 400 million SEK with deliveries scheduled for 2017.

"I am pleased that our strong position and customer offering have resulted in us being selected as the supplier for this large and challenging project", says Petra Einarsson, President of the Sandvik Materials Technology business area.

For further information contact:

Ann-Sofie Nordh,
Vice President Investor Relations, Sandvik AB,
Tel +46-8-456-1494

Pär Altan,
Vice President External Communications, Sandvik AB,
Tel +46-70-616-2024.

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SOURCE Sandvik