Sandvik secure €500 million EIB financing for R&D drive
Loan to support OEM’s innovation strategy to 2030, focusing on advanced, productive, and sustainable solutions
SANDVIK have secured a €500 million loan from the European Investment Bank (EIB) to strengthen their long-term innovation strategy. The seven-year facility will underpin Sandvik’s R&D investment programme through to 2030, supporting the development of advanced, high-performance, safer and sustainable solutions across the group’s businesses, including mobile crushing and screening, and rock processing.
As the lending arm of the European Union, the EIB plays a crucial role in enhancing EU competitiveness, technological innovation, and sustainable development, with a strong focus on financing research and development within the region.
Commenting on the agreement, Stefan Widing, president and CEO of Sandvik, said: ‘We have a strong strategic focus on developing solutions that strengthen our technology leadership while improving productivity, safety and sustainability for our customers. The EIB financing supports our R&D initiatives and adds flexibility to our overall funding strategy.’
