🇸🇪 NIB co-finances Sandvik’s R&D for electrified mining solutions

NIB has signed an 8-year loan with Sandvik Treasury AB to co-finance Sandvik’s R&D investments in the business area Mining for 2024–2026.

The EUR 150 million loan will co-finance Sandvik’s research and development investments in electrification, digitalisation, automation and sustainability solutions for the mining industry. These are key areas for Sandvik—one of the leading mining equipment companies globally— to strengthen and further develop its offering to mining companies globally.

“This loan aligns with NIB’s climate strategy and commitment to sustainable development. Sandvik’s efforts are expected to enhance productivity, reduce emissions and drive innovation, benefiting the mining sector and fostering knowledge transfer across the Nordic region,” says Nicolas Audibert, Director and Country Lead for Sweden at NIB.

You can read more about productivity and environmental gains in the project summary here.

Sandvik is a global high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. The company is headquartered in Stockholm and has about 41,000 employees and revenues in more than 150 countries.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

For further information, please contact
Nicolas Audibert, Director, Lending department, Country Lead for Sweden, at +358 50 311 3689, [email protected]

Arild Moen, Associate Director, Communications, +358 10 618 0496, [email protected]

Originally published on 5 June by Nordic Investment Bank.

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