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Sandvik Coromat and Camito Sign Cooperative Agreement

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April 6, 2006—Sandvik Coromant and Camito signed a cooperation agreement for further mutual development and improvement of the technology for machining Camito drives for the automotive industry. The companies aim to shorten lead times in the production of new vehicles, through this technology.

Under this cooperation, both parties will coordinate their respective technology centers into a single unit in southern Sweden. Research, development and training will occur at this center as well as some reference manufacturing and the manufacturing of high volume dies for local customers.

In addition, marketing the Camito concept to a customer base of automotive manufacturers will be a cooperative effort and Sandvik Coromat will become a preferred supplier of tools and machining strategies within the framework of this cooperation.

Camito developed and patented a method for melting together gray or ductile iron with tooling steel for the production of dies for the automotive industry. According to Sandvik Coromat's press release, this process reduces the manual activities in die molding as dies can now be cast in a solid piece.

Sandvik Coromant
Sandvik Coromant is the world's leading producer of tools for turning, milling and drilling. We are represented in 130 countries worldwide. Our head office is in Sandviken, Sweden and we have 8 000 employees. We have customers throughout the metalworking field including the world's major automotive and aerospace industries, the die and mould industry and general engineering industries. In more than 25 well-equipped Productivity Centers customers learn about tooling solutions for increased productivity. We offer various programs to help you and us recognize what's best in your production - and pinpoint areas that need improvements. Our central stocking points in Europe, the United States and the Far East supply our customers directly, within 24 hours. We invest at least twice as much in research and development every year than the average company in our business. ...Read more Or visit www.sandvik.coromant.com/us