SDVKY Sandvik AB (PK)

   DOW JONES NEWSWIRES 

Swedish engineering company Sandvik AB (SAND.SK) Tuesday said its Mining and Construction (SMC) unit has signed a materials handling contract with a major mining company in Latin America, worth SEK1.2 billion.

   MAIN FACTS: 

-The order includes design and supply of a long distance belt conveyor system, for downhill transportation, with designed capacity of 19,200 metric tons per hour of iron ore.

-Deliveries will start in 2011 and the project will be executed and contribute to SMC business between 2011 and 2013, the company said.

-The start of the operation is scheduled for 2013.

-At 0952 shares traded 0.6% lower at SEK124.9.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com