Sandvik Bags $111M in Tubular Orders

Sandvik Materials Technology has received several orders for advanced tubes for the oil and gas industry.

The contract has a combined value of about 1 billion SEK ($111 million), with the majority being for umbilical tubes.

Orders were booked in the first quarter of 2019 and deliveries are scheduled as from the second half of 2019.

I am pleased that our strong product offering continue to meet customer demands, making us a key supplier of high value-added tubular products for the energy segment”, says Göran Björkman, president of Sandvik Materials Technology.