Sandvik Materials Technology has concluded an additional multi-year supply agreement for steam generator tubes for the nuclear power industry. The customer is the China-based company Harbin Electric Corp. Heavy Equipment Co. Ltd and the steam generator tubes will be used in nuclear power plants in China. As a consequence of this agreement and the very high demand from the nuclear power industry, Sandvik’s Board has approved a further expansion of production capacity for steam generator tubes. This will take place at Sandvik Materials Technology’s plants in Sweden and the Czech Republic. The agreement is valued at SEK 1.5 billion and deliveries are scheduled to commence in 2012 and continue through 2014.
