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Sandvik AB
Type Public (OMXSAND)
Founded 1862
Headquarters Sandviken, Sweden
Key people Lars Pettersson (President and CEO), Clas Åke Hedström (Chairman of the board)
Industry Engineering
Products Tools for metal cutting, mining and construction tools, stainless steel and special alloy products
Revenue SEK 92,654 million (2008)[1]
Operating income SEK 12,794 million (2008)[1]
Profit SEK 7,472 million (2008)[1]
Employees 50,030 (2008)[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, materials technology, mining and construction. It has about 44,000 employees in 130 countries, with annual sales of approximately SEK 86 billion.

Contents

Corporate Structure

Sandvik consists of three business areas as following:

  • Sandvik Material Technology
  • Sandvik Tooling
  • Sandvik Mining and Construction
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Materials Technology

The Materials Technology business area specializes in speciality alloy steels and, to a lesser extent, other special alloys.

Sandvik MedTech

Sandvik is the strategic partner to medical technology companies that can support at each step, from R&D to the launch and in the production of the next generation of medical materials and medical devices.[2][3]

Sandvik Tooling

Sandvik 1881

The tooling business area is primarily concerned with the production and development of metal cutting tools. Manufactures 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 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".[4]

Mining and Construction

  • Crushers
  • Hydraulic breakers (hammers) for Excavators and demolition machines.
  • Manufacture cutters and ground engagement wear parts (Cutting tools and replaceable teeth)
  • Mining machinery

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.

See also

References

  1. ^ a b c d "Annual Results 2008". Sandvik. http://www3.sandvik.com/pdf/ir/Q4-08.pdf. Retrieved 2009-03-10.  
  2. ^ Sandvik's Medical Business
  3. ^ Watch video YouTube.com
  4. ^ Sheffield Telegraph Newspapers, 4/7/08

Competitors Include

External links


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