Sandvik digs deep for growth

Beijing - Sandvik Group, a Swedish engineering firm, expects its sales in China to record double-digit growth in 2010 after a slowdown last year, mainly boosted by sales from mining machinery as China's demand for mineral resources such as gold is likely to double over the next decade, according to Svante Lindholm, president of Sandvik China.

"China is becoming one of the major mining markets and there will be constant robust growth in the future," said Lindholm.

China is currently the fourth largest market for Sandvik Group, representing 7 percent of its global business, according to Lindholm.