|This article relies too much on references to primary sources. (June 2008)|
|Publicly traded Aktiebolag (OMX: SAND)|
|Anders Nyrén (Chairman), Olof Faxander (President and CEO)|
|Products||Tools and tooling systems for metal cutting, mining and construction equipment and tools, stainless steel and special alloy products|
|Revenue||SEK 88,821 billion (2014)|
|SEK 10,120 billion (2014)|
|Profit||SEK 5,992 billion (2014)|
|Total assets||SEK 106,319 billion (end 2014)|
|Total equity||SEK 36,672 billion (end 2014)|
Number of employees
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, mining, construction equipment, products in stainless steel and alloys. Sandvik has about 47,000 employees in 130 countries, with annual sales of approximately SEK 89 billion (2014).
Sandvik consists of five business areas.
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 Machining Solutions
Sandvik Machining Solutions (formerly Sandvik Tooling) is a manufacturer of tools and tooling systems for advanced industrial metal cutting.
Sandvik Materials Technology
Provides services in construction and construction-related products.
Sandvik Venture comprises product areas Sandvik Hyperion, Wolfram and Sandvik Process Systems.
- "Annual Results 2014". Sandvik. Retrieved 30 March 2014.