Sandvik
 | This article contains promotional content. (August 2016) |
 | |
| Company type | Publicly traded Aktiebolag |
|---|---|
| Nasdaq Stockholm: SAND | |
| ISIN | SE0000667891 US8002122013  |
| Industry | Engineering |
| Founded | 1862 |
| Headquarters | Stockholm, Sweden |
Key people | Johan Molin (Chairman of the Board), Björn Rosengren (CEO) |
| Products | Tools and tooling systems for metal cutting, mining and rock excavation equipment and tools, stainless steel and special alloy products |
| Revenue | SEK 90.905 billion (2017)[1] |
| SEK 18.098 billion (2017)[1] | |
| SEK 13.235 billion (2017)[1] | |
Number of employees | 42,858 (2017)[1] |
| Website | home.sandvik |
Sandvik is a global company founded in 1862 by Göran Fredrik Göransson in Sandviken, Sweden. Sandvik is a high-technology engineering group in tools and tooling systems for metal cutting, equipment, tools and services for the mining and construction industries, products in advanced stainless steel and special alloys as well as products for industrial heating. Sandvik has about 43,000 employees and sales in more than 150 countries. Invoiced sales is approximately SEK 91 billion (2017).[1] Sandvik was the first company to commercially exploit the Bessemer Steel process.[2] The first blast furnace was installed by an English engineer and is now on display in a park in Sandviken, Sweden.
In Q3 2015, intention to divest Mining Systems business was announced (approx. 5 billion SEK in invoiced sales). The divestment was completed in 2017. Numbers in facts box reflect Group excl. Mining Systems.
Corporate structure
Sandvik's operations are organized into three business areas.
Sandvik Machining Solutions
A manufacturer of tools and tooling systems for advanced industrial metal cutting. Products are manufactured in cemented carbide and other hard materials such as diamond, cubic boron nitride and special ceramics. This includes the work of Sandvik Coromant.
Sandvik Mining and Rock Technology
A supplier in equipment, tools, service and technical solutions for the mining and construction industries. Application areas include rock drilling, rock cutting, crushing and screening, loading and hauling, tunneling, quarrying and breaking and demolition.
Sandvik Materials Technology
A manufacturer of advanced stainless steels and special alloys for the most demanding industries. The offering covers a large variety of product forms, such as tube, pipe, wire, strip and metal powder as well as products for industrial heating.
Birmingham
Sandvik's first overseas arm was in Birmingham, England. The UK head office is now in nearby Halesowen.
See also
References
- ^ a b c d e f g "Annual Results 2017". Sandvik. Retrieved 16 March 2017.
- ^ "Sandvikens Jernverk AB - innovative since 1862" (PDF). nasdaqomx.com. p. 1. Retrieved 3 November 2016.
External links
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- Manufacturing companies based in Stockholm
- Manufacturing companies established in 1862
- Tool manufacturing companies of Sweden
- Mining equipment companies
- Steel companies of Sweden
- Swedish brands
- 1862 establishments in Sweden
- Companies listed on the Stockholm Stock Exchange
- Companies based in Bonifacio Global City
- Swedish company stubs