Sandvik
 | |
| Publicly traded Aktiebolag (Nasdaq Stockholm: SAND) | |
| 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 construction equipment and tools, stainless steel and special alloy products |
| Revenue | SEK 90.822 billion (2015)[1] |
| SEK 6.062 billion (2015)[1] | |
| Profit | SEK 2.194 billion (2015)[1] |
| Total assets | SEK 101.242 billion (end 2015)[1] |
| Total equity | SEK 34.060 billion (end 2015)[1] |
Number of employees | 45,809 (2015)[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 45,000 employees and sales in more than 150 countries. Invoiced sales is approximately SEK 86 billion (2015).[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.
Corporate structure
Sandvik consists of three business areas.
Sandvik Machining Solutions
A market-leading 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 leading 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 world-leading 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 headquarters is now in nearby Halesowen.
See also
References
- 1 2 3 4 5 6 7 "Annual Results 2015". Sandvik. Retrieved 11 March 2015.
- ↑ "Sandvikens Jernverk AB - innovative since 1862" (PDF). nasdaqomx.com. p. 1. Retrieved 3 November 2016.
In Q3 2015, intention to divest Mining Systems business was announced (approx. 5 billion SEK in invoiced sales). Numbers in facts box reflect Group incl. Mining Systems.
