Sandvik Completes Divestment of Minority Holding in Xiamen Golden Egret Special Alloy Co., Ltd. (Gesac)

STOCKHOLM, July 15, 2020 /PRNewswire/ — Sandvik Machining Solutions has completed the previously announced divestment of its 10% minority ownership in Gesac, a Chinese joint venture originally formed in 2005. The minority was divested to Xiamen Tungsten Co., Ltd., the majority owner of Gesac.