SANDVIK CELEBRATES INAUGURATION OF NEW LOAD AND HAUL FACTORY IN MALAYSIA

Seremban, Negeri Sembilan:  15 May 2024 – Sandvik announces the inauguration of its new
production unit in Malaysia dedicated to manufacturing underground load and haul equipment.
This expansion marks a significant milestone for the Sandvik Load & Haul division, operating
within the Sandvik Mining and Rock Solutions Business Area.

Located in Seremban, Negeri Sembilan, the new assembly production facility signifies a major
advancement in the underground mining equipment sector. Its primary objectives include
supporting the assembly production of all Sandvik load and haul underground loaders and trucks,
including battery electrical vehicles (BEVs), and establishing a robust supplier network within the
region.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, the Chief Executive Officer of the Malaysian Invest
Development Authority (MIDA), applauded Sandvik for its pioneering efforts in Malaysia, stating,
“Sandvik’s journey to become a global leader in providing top-of-the-line equipment, tools, and
digital solutions for the mining and construction sectors embodies the essence of perseverance,

ingenuity, and determination. The initiative to transition from diesel-powered equipment to battery-
electric vehicles (BEVs) and pave the path toward a fossil-free future is well exemplified by the

establishment of this new facility in the Sendayan TechValley Industrial Park.”

“At MIDA, we will continue to partner with leading companies like Sandvik to anchor high-value-
added manufacturing, adopt advanced manufacturing technologies, and equip our talent with the

requisite skillset,” he added.
Sandvik’s commitment to delivering maximum value in sustainability, performance, quality, safety,
flexibility, and total economy is evident in this endeavor.

The inaugural machine assembled in Malaysia at the new factory is the ToroTM LH517i loader,
with production expected to ramp up over the coming year. Additionally, the facility will commence
the production of ToroTM TH545i trucks later in the year, as part of a cross-manufacturing plan.
Production volume allocation among existing factories will be based on machine specification,
sales area distribution, and production capacity. Battery product manufacturing is slated to begin
by Q3 2024, with BEV unit assembly scheduled for 2025, aligning with future electrification goals.
Patricio Apablaza, President of Sandvik Mining and Rock Solutions’ Load and Haul division,
emphasized the significance of the Seremban facility, highlighting its role in ensuring flexible
manufacturing of both conventional diesel and battery-electric loaders and trucks, while adhering
to Sandvik’s stringent standards for sustainability, quality, and safety. This initiative aims to reduce
lead times for mining customers in the Asia Pacific region.

Spanning over 8,000 square meters, the new facility is situated in the Sendayan Techvalley
Industrial Park, strategically positioned approximately 70 kilometres south of the Malaysian capital
Kuala Lumpur and 15 kilometres west of the state capital Seremban. The factory comprises 15
versatile assembly cells.