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.