Sandvik CTT Expands in UK.Business Editors SANDVIKEN,Sweden--(BUSINESS WIRE)--Feb. 27, 2001 Sandvik CTT CTT Correios (Portuguese Postal Service) CTT Certified Technical Trainer CTT Charity Technology Trust CTT Cholesterol Treatment Trialists' (collaboration) CTT Common Task Training has reached an agreement with the UK based company Angus MacInnes & Co., Helensburgh, Glasgow, covering the takeover of sales and marketing of Prototyp's products in the UK. Prototyp is a company within Sandvik CTT that produces end mills, taps and other advanced tools in high-speed steel high-speed steel Alloy of steel introduced in 1900. It doubled or trebled the capacities of machine shops by permitting the operation of machine tools at twice or three times the speeds possible with carbon steel (which loses its cutting edge when the temperature produced by and solid carbide carbide, any one of a group of compounds that contain carbon and one other element that is either a metal, boron, or silicon. Generally, a carbide is prepared by heating a metal, metal oxide, or metal hydride with carbon or a carbon compound. for metalworking. Customers are in the automotive, aviation, space and medical technology industries. "Acquisition of the operations from the former agent in the UK is part of the strategy to establish our own sales channels and to increase Prototyp's market shares in Europe," says Hakan Larsson, President of Sandvik CTT. Sandvik AB; (publ) Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. , special alloys and resistance heating Resistance heating The generation of heat by electric conductors carrying current. The degree of heating for a given current is proportional to the electrical resistance of the conductor. materials and process systems. The Group has 35,000 employees in 130 countries, with annual sales of approximately SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 44 billion. Sandvik CTT is a sector within Sandvik's Tooling Business Area and the world leader in high-speed steel tools for metalworking applications and is also expanding strongly in the area of solid-carbide tools. Annual sales amount to SEK 3,500 M, with 3,700 employees. Prototyp is one of Sandvik CTT's global brand names. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/27/20010227BIT00480/bit0003.doc http://www.bit.se/bitonline/2001/02/27/20010227BIT00480/bit0003.pdf |
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