Swedish industrial group Sandvik AB (SAND.SK) said Tuesday its Mining and Construction unit has signed a contract worth nearly SEK500 million with Boral Ltd (BLD.AU), a building and construction materials supplier in Australia.

 
   MAIN FACTS:

-The order includes design, supply, installation and commissioning of a new quarry plant for Boral's Peppertree site which is situated in New South Wales.

-The project is expected to start during 3Q 2011 and to end in 3Q 2013.

-Boral's primary purpose of the project is to provide new production and dispatch capability for the supply of coarse and fine aggregates.

-This material will be used in pre-mixed concrete, concrete products and asphalt production in the greater Sydney region.

-Sandvik is to supply a full range of screening, crushing and train dispatch equipment.

-Shares closed at SEK78.40.

-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

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