Sandvik
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (June 2008) |
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| Type | Publicly traded Aktiebolag (OMX: SAND) |
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| Industry | Engineering |
| Founded | 1862 |
| Headquarters | Sandviken, Sweden |
| Key people | Anders Nyrén (Chairman), Olof Faxander (President and CEO) |
| Products | Tools for metal cutting, mining and construction tools, stainless steel and special alloy products |
| Revenue | SEK 82.65 billion (2010)[1] |
| Operating income | SEK 11.03 billion (2010)[1] |
| Profit | SEK 6.634 billion (2010)[1] |
| Total assets | SEK 90.00 billion (end 2010)[1] |
| Total equity | SEK 33.81 billion (end 2010)[1] |
| Employees | 47,060 (2010)[1] |
| Website | www.sandvik.com |
Sandvik is a Swedish company founded in 1862 by Göran Fredrik Göransson in Sandviken. It is a high-technology engineering group and a world-leader in tooling, stainless steel alloys and materials technology, mining and construction. It has about 47,000 employees in 130 countries, with annual sales of approximately SEK 83 billion.
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[edit] Corporate Structure
Sandvik consists of three business areas as following:
- Sandvik Mining and Construction
- Sandvik Material Technology
- Sandvik Tooling
[edit] Sandvik Mining and Construction
The Mining and Construction business area offers solutions for many applications in the mining and construction industry, including surface rock excavation, tunneling, demolition, recycling and road rehabilitation.
- Drill rigs and tools for rock drilling
- Crushers
- Hydraulic breakers (hammers) for Excavators and demolition machines.
- Manufacture cutters and ground engagement wear parts (Cutting tools and replaceable teeth)
- Mining machinery
- Conveyor components
- Services, including performance contracts delivered with 'On Demand' pricing models.
[edit] Sandvik Materials Technology
The Materials Technology business area specializes in development and production of advanced stainless steel (such as Sandvik SAF 2507, Sandvik SAF 2707 HD and Sandvik 12C27), special alloys and titanium. The materials are produced in a variety of product forms, such as tube, bar, strip, wire and various near-net shapes.
Sandvik[2]
[edit] Sandvik Tooling
The Tooling business area is primarily concerned with the production and development of metal cutting tools. Manufacturers of carbide tipped tooling for metal cutting applications.
- It is composed of several brands as a result of Sandvik acquiring other corporations and keeping their brands. Tooling began as Sandvik Coromant and Sandvik Coromant remains one of Sandvik Tooling's most important brand.
- Another "Brand" is the Dormer Tools company of Sheffield, England. Formerly known as the "Sheffield Twist Drill and Steel Co. Ltd" whose brand name is "Dormer".[3]
[edit] Birmingham
Sandvik's first overseas arm was in Birmingham, England. The UK headquarters is now in nearby Halesowen, and each year the company provides the city's official Christmas Tree, which is erected in Victoria Square.
[edit] See also
[edit] References
- ^ a b c d e f "Annual Results 2010". Sandvik. http://www3.sandvik.com/pdf/ir/Q4-10.pdf. Retrieved 5 February 2011.
- ^ "Mr. Ajay Sambrani appointed new Country Manager for India Sandvik restructures global operations as part of a new strategic direction". LiveMango. http://www.livemango.com/general/mr-ajay-sambrani-appointed-new-country-manager-for-india-sandvik-restructures-global-operations-as-part-of-a-new-strategic-direction/. Retrieved 2011-09-06.
- ^ Sheffield Telegraph Newspapers, 4/7/08
[edit] Competitors Include
[edit] External links
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