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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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203 SEK   +1.53%
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Epiroc : wins large mining equipment order in China

09/09/2021 | 02:31am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for mining equipment and service from Dazhong Mining Co. Ltd. in China. The machines will be used to expand two of its underground iron ore mines in the most safe and productive manner possible.

Dazhong Mining has ordered a variety of rigs for face drilling, production and rock reinforcement for use at the Zhouyoufang and Zhongxinji mines in the Anhui Province. The order is valued at about MSEK 200 and was booked in the third quarter 2021. In addition to the equipment, the order includes on-site service and training including sophisticated simulators, which provide a safe and realistic environment to enhance the skills of machine operators.

Dazhong Mining is rated as a national Green Mine Enterprise, meaning it is recognized for its sustainable way of mining. The company also purchased a large number of machines from Epiroc in 2020.

"Epiroc is happy to team up again with Dazhong Mining so it can expand its operations further while strengthening safety, sustainability and productivity," says Helena Hedblom, Epiroc's President and CEO. 

"Our operations have truly become more safe, environmentally friendly and efficient through Epiroc's equipment and service," says the Head of Dazhong Mining. "We are happy that this model will continue to be applied to the expansion of two mines. We have a good long-term partnership with Epiroc as this supports us with a high-level technical resource which promotes the sustainable development of the mining industry."

The machines ordered include Boomer face drilling rigs, Simba production drilling rigs, and Boltec and Cabletec rock reinforcement rigs. The machines will be equipped with Epiroc's telematics system, which allows for intelligent monitoring of machine performance and productivity in real-time, and most of the units will have Epiroc's Rig Control System, RCS, installed, which makes them ready for automation and remote control. The equipment will be delivered in 2021 and 2022.


Epiroc's Boomer S2 face drilling rig is part of the order by Dazhong Mining

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.


 

https://news.cision.com/epiroc/r/epiroc-wins-large-mining-equipment-order-in-china,c3412191

https://mb.cision.com/Main/16899/3412191/1466015.pdf

https://news.cision.com/epiroc/i/epiroc-boomer-s2,c2952394

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 40 148 M 4 671 M 4 671 M
Net income 2021 6 819 M 793 M 793 M
Net cash 2021 3 631 M 422 M 422 M
P/E ratio 2021 35,3x
Yield 2021 1,46%
Capitalization 230 B 26 704 M 26 709 M
EV / Sales 2021 5,63x
EV / Sales 2022 4,95x
Nbr of Employees 14 569
Free-Float 81,1%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 199,95 SEK
Average target price 198,29 SEK
Spread / Average Target -0,83%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Anders Lindén Chief Financial Officer, SVP-Controlling & Finance
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
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