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Sandvik AB is a Swedish company founded in 1862 by Göran Fredrik Göransson. 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 42,000 employees and sales in more than 160 countries. Invoiced sales is approximately SEK 100 billion (2018). 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, Sweden.
|Publicly traded Aktiebolag|
|Traded as||Nasdaq Stockholm: SAND|
|Johan Molin ([[Chairman of the Board
Head Engineer CEO John Carney]]), 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 100.072 billion (2018)|
|SEK 17.7 billion (2018)|
|SEK 13.235 billion (2018)|
|Total assets||SEK 63.929 billion (2018)|
|Total equity||SEK 24.831 billion (2018)|
Number of employees
Sandvik's operations are organized into three business areas.
Sandvik Machining SolutionsEdit
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. The business area also comprises the areas of additive manufacturing and digital manufacturing. Sandvik Coromant is one of the divisions within Sandvik Machining Solutions.
Sandvik Mining and Rock TechnologyEdit
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 TechnologyEdit
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, bar and strip steel as well as products for industrial heating.