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Sandvik Mining and Construction
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Sandvik is a high-technology engineering group, with advanced products and world-leading positions in selected niches. Operations comprise the Tooling, Mining and Construction, and the Materials Technology business areas. The Group has 47,000 employees, representation in 130 countries, with annual sales of approximately SEK 83 billion.
Since its founding in Sandviken in Sweden in 1862, Sandvik has developed into a global enterprise, with a multifaceted expertise in the field of materials technology. The business philosophy has been largely the same through the years: Sandvik shall be the leader in selected areas. Products are based on high value content and are developed in close cooperation with customers. Quality is the guiding principle in the global operations.
Goal: improve customers' productivity
The Group’s goal is to actively contribute to improving the customers’ productivity and, consequently, their profitability. The products and services offered by Sandvik shall provide maximum value to customers in terms of performance, quality, speed, safety, flexibility and total economy.
Sandvik is focused on growth. Sales have nearly doubled during the past five years. To create a fertile ground on which to base a continued, strong expansion, operations are concentrated to three core areas.
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The Tooling business area focuses mainly on tools and tooling systems for metalworking applications. Major customers include companies in the automotive and aerospace industries.
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Mining and Construction specializes in rock-working equipment and tools used in mining and civil engineering worldwide.
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Materials Technology develops mainly products in stainless steel, special alloys and resistance heating materials as well as process systems. Customers are to be found in most industrial segments.
· Three per cent invested in research and development
The Group’s successful development is a result of a goal-oriented investment in research, development and quality assurance. Sandvik invests nearly SEK 2.8 billion annually, corresponding to 3% of the Group’s total sales, in these areas. More than 2,300 employees around the world work in this area, of whom many are specialists with advanced educational backgrounds and skills.
Sandvik’s long-term and consistent strategy is based on the interaction between a number of strength factors, including advanced and broad R&D activities, highly value added products, own manufacturing, direct sales to customers, own market channels and effective logistics systems, financial strength and a strong corporate culture.
· The significance of Sandvik as an advanced knowledge company is becoming increasingly apparent. In this respect, the Group’s IT development plays a central role for continued business development, in which e-commerce is an important component. Information technology is concentrated to areas that enhance customer benefits, improve productivity and strengthen profitability. This will give the Group distinct competitive advantages and actively contribute to continued profitable growth for the Sandvik Group.
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