Atlas Copco, Sandvik Chiefs Signal End to Mining-Equipment Woes
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Upbeat comments from Swedish mining-equipment makers Atlas Copco AB and Sandvik AB may be an early sign of a recovery for a business that’s been in a two-year decline as customers postponed investments amid slumping commodity prices.
“The downward pressure that we have experienced for quite some time is not there in the same way,” Sandvik Chief Executive Officer Olof Faxander said on a conference call with journalists yesterday. “There is stability at the current level, and that is a positive change.”