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Sandvik Materials to divest wire operations

 

Sandvik Materials Technology intends to divest its welding and stainless wire operations. These businesses are subject to intense competition and Sandvik Materials Technology does not hold a No. 1 or 2 market position. “The divestment of the welding and stainless wire businesses will make Sandvik Materials Technology more focused on its core operations; advanced stainless steels and special alloys for the most demanding industries,” said Petra Einarsson, president of business area, Sandvik Materials Technology.