Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
October 19, 2011

Sandvik and Shandong Energy form coal mining equipment JV

Swedish firm Sandvik has completed the establishment of a coal mining equipment joint venture (JV) with Chinese firm Shandong Energy Machinery.

Swedish firm Sandvik has completed the establishment of a coal mining equipment joint venture (JV) with Chinese firm Shandong Energy Machinery.

Both the firms have entered into an agreement in April to form a 50 / 50 owned JV in Xintai, Shandong Province, China, for the production and sale of coal mining equipment.

The JV will focus on assembly, sales and service of high-performing roadheaders for the underground coal market of China.

Shandong Energy Machinery Group ZhongRui Mining Equipment Manufacturing was legally established on 12 October 2011 and is expected to commence operations in the beginning of 2012.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU