Latest In Sandvik
Company appoints Bjrn Rosengren as replacement.
Company's revenues improve 7 percent in the fourth quarter.
Sandvik Materials Technology also proposes closing UK die cutting sales office.
Sandvik Materials Technology will sell the business to a subsidiary of Beijer Alma.
Varel will form a new product area within the Sandvik Venture business area.
The company also announced new executive appointments.
CEO: The company has aimed to reduce inventory over the past 12 months.
Business areas were stable or slightly improved, except Sandvik Mining.