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Home>Sandvik CEO: Prepared to Cut Costs to Adapt to Falling Oil Price

Sandvik CEO: Prepared to Cut Costs to Adapt to Falling Oil Price

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Thu, 29 Jan 2015

By Christina Zander STOCKHOLM--Sandvik AB (SAND.SK) Chief Executive Olof Faxander said Thursday the impact of lower oil prices on the company's business is "difficult to asses," but he is prepared to cut costs if order volumes fall. The company, which makes tools for the mining, construction and
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