Sandvik
 | |
| Publicly traded Aktiebolag (OMX: 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 | 45,808 (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, mining, construction equipment, products in stainless steel and alloys. Sandvik has about 46,000 employees and sales in more than 150 countries. Invoiced sales is approximately SEK 91 billion (2015).[1] Sandvik was the first company to commercially exploit the Bessemer Steel process. 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 five business areas.
Sandvik Mining
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
Sandvik Materials Technology is a world-leading developer and manufacturer of products in advanced stainless steels and special alloys for the most demanding environments, as well as products and systems for industrial heating.
Sandvik Construction
Provides services in construction and construction-related products.
Sandvik Venture
Sandvik Venture comprises product areas Sandvik Hyperion, Wolfram, Sandvik Drilling & Completions and Sandvik Process Systems.
Birmingham
Sandvik's first overseas arm was in Birmingham, England. The UK headquarters is now in nearby Halesowen.
See also
References
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.
