Sandvik
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| Type | Publicly traded Aktiebolag (OMX: SAND) |
|---|---|
| Industry | Engineering |
| Founded | 1862 |
| Headquarters | Stockholm, 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 94.08 billion (2011)[1] |
| Operating income | SEK 10.14 billion (2011)[1] |
| Profit | SEK 5.861 billion (2011)[1] |
| Total assets | SEK 98.73 billion (end 2011)[1] |
| Total equity | SEK 33.89 billion (end 2011)[1] |
| Employees | 50,030 (2011)[1] |
| Website | www.sandvik.com |
Sandvik is a Swedish company founded in 1862 by Göran Fredrik Göransson in Sandviken. Sandvik is an engineering group in tooling, materials technology, mining and construction. It is a high-technology engineering group and supplier of tooling, stainless steel alloys and materials technology, mining and construction. It has about 50,000 employees in 130 countries, with annual sales of approximately SEK 94 billion[citation needed].
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Corporate structure [edit]
Sandvik consists of five business areas as following:
- Mining
- Construction
- Materials Technology
- Machining Solutions
- Venture
Sandvik Mining [edit]
Sandvik Mining is a supplier within the Sandvik Group of equipment and tools, service and technical solutions for the mining industry. It offers exploration, rock drilling, rock cutting, rock crushing, loading and hauling and materials handling.
The company headquarter is located in Amsterdam, Netherlands. President of Sandvik Mining is Gary Hughes.
Until January 1 2012 Sandvik had one business area for mining and construction, Sandvik Mining and Construction. Following the implementation of a new Sandvik Group strategy in 2011 two new business areas were created out of Sandvik Mining and Construction, Sandvik Mining and Sandvik Construction. These new companies became operational January 1, 2012.
Sandvik Mining and Construction was founded in 1998 after the merger of Tamrock and Sandvik Rock Tools. Sandvik Mining and Construction continued to grow organically as well as through acquisitions. In 1998 the number of employees were 6 630 and the invoiced sales was SEK 9,379 M. In 2010, the sales amounted to about SEK 35,200 M, with approximately 15,500 employees.
- Business
Product areas are:
- Rock tools and systems
- Drill rigs and rock drills
- Load and haul equipment
- Continuous mining and tunneling machines
- Crushers and screens
- Conveyor components
- Bulk materials handling equipment
- Breakers
- Mine automation systems
- Safety and environmental products
Sandvik Construction [edit]
Provides solutions for virtually any construction industry application encompassing such diverse businesses as surface rock quarrying, tunneling, excavation, demolition, road building, recycling and civil engineering. The range of products includes rock tools, drilling rigs, breakers, bulk-materials handling and crushing and screening machinery.
In 2012 Sandvik Construction relaunched its previously dissolved brand "Rammer", which had long been the best-known and most-loved name in the hydraulic hammer business.
Sandvik Materials Technology [edit]
The Materials Technology business area is a manufacturer of products in advanced stainless steels, special alloys and metallic and ceramic resistance materials. Operations are divided into four product areas: Tube, Strip, Wire & Heating Technology and Primary Products.
Sandvik Venture [edit]
The Venture business product areas comprise Sandvik Hard Materials, Diamond Innovations, Wolfram, Dormer, Sandvik Process Systems and parts of Sandvik MedTech.
Sandvik[2]
Sandvik Machining Solutions [edit]
The Sandvik Machining Solutions business area (formerly Sandvik Tooling) 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. Machining Solutions began as Sandvik Coromant and Sandvik Coromant remains one of Sandvik Machining Solutions' most important brands.
Birmingham [edit]
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.
See also [edit]
References [edit]
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This article relies on references to primary sources. (June 2008) |
- ^ a b c d e f "Annual Results 2010". Sandvik. 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. Retrieved 2011-09-06.
External links [edit]
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