Sandvik, the world’s leading high-tech industrial group, announced June 28th that its RMB2.4 million joint venture, Zhongrui Mining Equipment Manufacturing Co., Ltd., with Shandong Energy Machinery Group went into operation officially, with share proportion of 50%:50% held by each partner.

The establishment of the joint venture shows Sandvik’s emphasis on Chinese coal machinery market and its decision and commitment on digging Chinese market. The joint venture focuses on assembly, sales and service of high performing roadheaders for the Chinese underground coal market.

Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems.