Sandvik AB
Type Publicly traded Aktiebolag (OMXSAND)
Founded 1862
Headquarters Sandviken, Sweden
Key people Anders Nyrén (Chairman), Olof Faxander (President and CEO)
Industry Engineering
Products Tools for metal cutting, mining and construction tools, stainless steel and special alloy products
Revenue (turnover) SEK 82.65 billion (2010)[1]
Operating income SEK 11.03 billion (2010)[1]
Profit SEK 6.634 billion (2010)[1]
Total assets SEK 90.00 billion (end 2010)[1]
Total equity SEK 33.81 billion (end 2010)[1]
Employees 47,060 (2010)[1]

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 47,000 employees in 130 countries, with annual sales of approximately SEK 83 billion.

Corporate StructureEdit

Sandvik consists of three business areas as following:

Sandvik Materials Technology Edit

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

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 ToolingEdit

Main article: Sandvik Tooling
Sandvik 1881

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]

Sandvik Mining and ConstructionEdit

Main article: Sandvik Mining and Construction
Sandvik LH517 LHD

A Sandvik LH517 underground loader

  • Crushers
  • Hydraulic breakers (hammers) for Excavators and demolition machines.
  • Manufacture cutters and ground engagement wear parts (Cutting tools and replaceable teeth)
  • Mining machinery
  • Conveyor components
  • Services, including performance contracts delivered with 'On Demand' pricing models.

Birmingham Edit

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.

Competitors Include Edit

See alsoEdit


  1. 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Results 2010". Sandvik. Retrieved on 5 February 2011.
  2. Sandvik's Medical Business
  3. Watch video
  4. Sheffield Telegraph Newspapers, 4/7/08

External linksEdit

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