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Sandvik to Sell Share in Tungsten Business

Aug 22 2003

Sandvik have agreed to sell their share of the Eurotungstene Poudres S.A. joint venture to Eramet. Prior to the sale, Eramet held a 51% stake in Eurotungstene, with Sandvik owning the remaining 49%.

Following the execution of the agreement Eramet will become the sole owner of the business which produces cobalt and tungsten-based powders for the diamond tool industry.

For more information on tungsten, click here.

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