User:Josef Nilsson/sandbox

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For the village in the Faroe Islands, see Sandvík.
Sandvik AB
Company typePublicly traded Aktiebolag
Nasdaq Stockholm: SAND
IndustryEngineering
Founded1862; 162 years ago (1862)
FounderGöran Fredrik Göransson
HeadquartersStockholm, Sweden
Key people
ProductsTools and tooling systems for metal cutting, mining and rock excavation equipment and tools, stainless steel and special alloy products
RevenueSEK 99.105 billion
SEK 18.654 billion
SEK 14.484 billion
Total assetsSEK 155.517 billion
Total equitySEK 77.332 billion
Number of employees
~ 44 133
DivisionsSandvik Manufacturing and Machining Solutions
Sandvik Mining and Rock Solutions
Sandvik Rock Processing Solutions
Websitehome.sandvik
Footnotes / references
Statistics from the 2021 annual report.[1]

Sandvik AB is a Swedish multinational engineering company specializing in metal cutting, digital and additive manufacturing, mining and construction, stainless and special steel alloys, and industrial heating. The company was founded in Sweden in 1862. In 2021, the Sandvik Group had approximately 44,133 employees and revenues of about SEK 99 billion.[2][1][3]

Göran Fredrik Göransson, founder of Sandvik.
LH 514 from Sandvik AB.
"AB Sandvik Hard Materials". Facade sculpture on Sandvik's property in Västberga industrial area.

History[edit]

The beginning[edit]

The company was founded by Göran Fredrik Göransson in 1862. He was an early user of the Bessemer process on an industrial scale.[4][5] The company started as Högbo Stål & Jernverks AB in Sandviken, Sweden and was later reorganized as Sandvikens Jernverk (Ironworks) AB in 1868.[4] The Sandvik brand name was first used officially in 1876 when Sandvik began selling products in the USA.[6] Sandvikens Jernverk was introduced on the Stockholm Stock Exchange in 1901.[7][4]

In the 1860s, sales were conducted through trading houses in Sweden, Norway, Denmark, the UK, Russia, Germany and France. In 1914 the company opened its first sales subsidiary in the UK.[8] This was the start of a long period of expansion as subsidiaries were opened around the world.

Early years[edit]

Sandvikens Jernverk introduced the first seamless tubes made of stainless steels on the market in 1924 and by 1934 was the first in Europe to perform pilgering of tubes on an industrial scale.[7][9][10][11] The Second World War forced the company to reorganize production. In 1942, the Sandvik Coromant brand was established and the first cemented-carbide tools for metalworking were manufactured a year later.[4] Bessemer steel production was discontinued in 1947.[7][12]

By 1967 Sandvikens Jernverk had 40 subsidiaries and sales in 100 countries. The company changed its name to Sandvik AB in 1972 and many new factories and acquisitions followed, including Osprey.[4] Cemented carbide production took off and the first Rotoform equipment was developed.[13]

1980–2000[edit]

Sandvik experienced a substantial decline in 1982-1983 and in 1983 the company recorded its first loss in 62 years.[7] Restructuring measures, a new, decentralized organization and focus on strong areas brought earnings and profitability back on track in only a couple of years.

Sandvik began investing in Eastern Europe in 1989 and subsidiaries and plants were opened in Eastern Europe and Asia.

In 1994, Sandvik started producing diamond-coated carbide cutting inserts on an industrial scale. Safurex®, a high-alloy duplex stainless steel, was developed in 1996.[14] In 1999, Sandvik divested its Saws and Tools business areas.[15]

2000 to present[edit]

Automation and remote control of mining equipment, Automine®, was introduced in mines in Canada and Sweden in 2001.[16] In 2004, Sandvik's Kanthal division developed the production of high-temperature alloys via powder metallurgy.[17]


In 2002, Sandvik acquired a majority shareholding in German tool manufacturer Walter and Austrian tungsten producer Wolfram Bergbau und Hütten was acquired in 2009.[18][19][20][21][22] In 2014, Sandvik companies Dormer, Safety, Impero and Pramet came together to create Dormet Pramet.[23]

In 2017, the divestments of Process Systems and Mining Systems were completed.[24][25]

In October 2021, Sandvik announced that the business area Sandvik Materials Technology would be listed on Nasdaq Stockholm. In 2022, the business area was renamed from Sandvik Materials Technology to Alleima, and Alleima was listed on Nasdaq Stockholm August 31, 2022.[26][27][28]

In March 2022, it was announced that Sandvik had acquired the mine planning software provider, Deswik with the latter becoming part of Sandvik Mining and Rock Solutions’ business division, Digital Mining Technologies.[29][30]


Key people[edit]

Sandvik’s board after the annual general meeting in 2021:[1][31]

Name Year of birth Position Year elected Shareholding in Sandvik (own and closely related persons
Johan Molin 1959 Chairman of the Board 2015 830,000
Jennifer Allerton 1951 Board member 2015 10,000
Claes Boustedt 1962 Board member 2015 50,000
Helena Stjernholm 1970 Board member 2016 5,000
Marika Fredriksson 1963 Board member 2017 2,500
Andreas Nordbrandt 1971 Board member 2021 -
Stefan Widing 1977 Board member 2020 49,489
Kai Wärn 1959 Board member 2020 12,000
Thomas Lilja 1975 Board member (employee representative) 2016 4,840
Thomas Andersson 1962 Board member (employee representative) 2022[31] -
Fredrik Håf 1983 Deputy Board member (employee representative) 2022 2
Erik Knebel 1965 Deputy Board member (employee representative) 2021 1

Ownership structure[edit]

The share of foreign ownership as a percentage of the capital was 58.9 percent as of August 31, 2022.

Ownership structure, the ten largest shareholder group as of August 31, 2022.[1]

Shareholders No. of shares % of capital
Industrivärden 171,200,000 13.6
Alecta Pensionsförsökringar 59,526,182 4.7
Swedbank Robur Fonder 45,986,138 3.7
BlackRock 35,401,158 2.8
Lundbergsföretagen AB 34,500,000 2.8
Vanguard 34,264,867 2.7
SEB Fonder 24,924,235 2.0
Handelsbanken Fonder 17,727,576 1.4
Fidelity International (FIL) 17,427,743 1.4
Nordea Fonder 17,297,439 1.4
10 Largest owners, total 458,300,338 36.5

The business segment Sandvik Manufacturing Solutions consists of three divisions (Design and Planning Automation, Additive Manufacturing and Industrial Metrology)[51][52][53][54][55] and the divisions provides digital manufacturing, additive manufacturing, industrial metrology and software solutions.[56]

  • Sandvik Mining and Rock Solutions consists of nine divisions for example (Underground Drilling, Load and Haul, Surface Drilling, Rotary Drilling, Mechanical Cutting, Rock Tools, Ground Support, Digital Mining Technologies, Parts and Services) that either provide equipment, tools, parts, services and technical solutions for the mining and infrastructure industries.[57][58]

Rotary drill part of the business area[59]

  • Sandvik Rock Processing Solutions consists of four divisions (Stationary Crushing and Screening, Mobile Crushing and Screening, Attachment Tools, Shanbao) and the divions produces equipment, tools, parts, services and solutions for processing rock and minerals in the mining and infrastructure industries.[60][61][62][63][64][65][66][67]

Operations[edit]

The table below presents an overview of Sandvik's operations as of 2021:[1]

Busines areas Share of revenues Revenues by market area Revenue
(MSEK) 		Order intake
(MSEK) 		Number of employees (average) Commodity exposure by business area Competitors Divisions
Sandvik Mining and Rock Solutions 42% North America, 21%
Australia, 20%
Africa/Middle East, 20%
Asia, 20%
Europe, 11%
South America, 8% 		41,409 47,460 15,574 Gold, 38%
Copper, 21%
Coal, 10%
Zink, 6%
Platinum, 6%
Iron ore, 3%
Diamonds, 2%
Other metals, 5%
Other base metals, 5%
Other minerals, 4% 		Mining
Epiroc, Caterpillar and Komatsu Mining.
Infrastructure
Epiroc, Caterpillar and Furukawa. Many local players. 		* Underground Drilling
* Load and Haul
* Surface Drilling
* Rotary Drilling
* Mechanical Cutting
* Rock Tools
* Ground Support
* Digital Mining Technologies
* Parts and Services
Sandvik Manufacturing and Machining Solutions 37% Europe, 53%
North America, 22%
Asia, 21%
South America, 2%
Africa/Middle East, 1%
Australia, 1% 		36,681 37,680 20,435 Engineering, 49%
Automotive, 20%
Aerospace, 9%
Energy, 6%
Mining, 1%
Other, 15% 		* Competitors in the premium segment: IMC group (Iscar brand), Kennametal (Kennametal brand)
* Fragmented in mid-market including global premium players present with their mid-market brands: Mitsubishi, IMC group (Taegutec brand), Kennametal (Widia brand), Zhuzhou
* Within software solutions, additive manufacturing and industrial metrology, a mix of larger competitors and smaller niche players 		Sandvik Machining Solutions
* Sandvik Coromant
* Seco
* Walter
* Dormer Pramet
* Wolfram
Sandvik Manufacturing Solutions
* Design and Planning Automation
* Additive Manufacturing
* Industrial Metrology
Sandvik Rock Processing Solutions 8% Europe, 30%
Asia, 23%
North America, 22%
Africa/Middle East, 10%
South America, 9%
Australia, 6% 		7,610 8,524 2,091 Infrastructure, 53%
Mining, 47% 		Mining
Metso Outotec, FLSmidth, WEIR, Terex and Thyssen Krupp.
Infrastructure
Metso Outotec, Terex, Keestrack, Furukawa and Epiroc. Many local players. 		* Stationary Crushing and Screening
* Mobile Crushing and Screening
* Attachment Tools
* Shanbao
Sandvik Materials Technology
Total 99,110 108,898 44,136

Products[edit]

Sandvik AB is a Swedish multinational engineering company specializing in metal cutting, digital and additive manufacturing, mining and construction, stainless and special steel alloys, and industrial heating.


See also[edit]

References[edit]

  1. ^ a b c d e "Annual Report 2021" (PDF). Sandvik. Retrieved October 17, 2022. Cite error: The named reference "AR21" was defined multiple times with different content (see the help page).
  2. ^ "Sandvik Aktie｜Aktiekurs｜Köpa｜Utdelning 2022" (in Swedish). TA gruppen. Retrieved October 20, 2022.
  3. ^ "Sandvik". Industrivärden. July 7, 2022. Retrieved October 20, 2022.
  4. ^ a b c d e "Sandvik celebrates its 160th anniversary". Powder Metallurgy Review. February 2, 2022. Retrieved October 20, 2022.
  5. ^ "AKTIETRÄFF med Sandvik AB och Nibe industrier AB" (in Swedish). Akitespararna. November 18, 2019. Retrieved October 20, 2022.
  6. ^ johnson, Anders (July 4, 2017). "Från Absolut till Zorn – transatlantiska band genom historian" (in Swedish). BizStories. Retrieved October 25, 2022.
  7. ^ a b c d "Sandvikens Jernverk AB - innovative since 1962" (PDF). Nasdaq. Retrieved October 20, 2022.
  8. ^ Canning, Margaret (February 28, 2014). "Sandvik relocation set to create 150 factory positions". Belfast Telegraph. Retrieved October 26, 2022.
  9. ^ "1924" (in Swedish). Rostfritt i Sverige. Retrieved October 20, 2022.
  10. ^ "A century of stainless steel manufacturing with Sandvik" (in Swedish). Medical Device Network. July 14, 2021. Retrieved October 20, 2022.
  11. ^ Pettersson, Jan-Erik (1987). "Innovationen av rostfria stål i Sverige : en åtgård mot 1920-talets stålkris" (PDF) (in Swedish). Daedalus. p. 93. Retrieved October 26, 2022.
  12. ^ "150-årsjubilaren Sandvik" (PDF) (in Swedish). The Swedish Society of Historical Certificates. 2012. Retrieved October 20, 2022.
  13. ^ Boughton, Paul (February 21, 2013). "Steel belt-based granulation systems". Engineer Live. Retrieved October 25, 2022.
  14. ^ "Featured Story – Working together to find the best solution". Heat Exchanger World Publisher. August 25, 2021. Retrieved October 20, 2022.
  15. ^ "SNA:s lager stängs senast vid nyår" (in Swedish). Arbetarbladet. February 12, 2013. Retrieved October 20, 2022.
  16. ^ "LaRonde mine first to utilise Sandvik AutoMine with LTE network". International Mining. June 20, 2018. Retrieved October 20, 2022.
  17. ^ "Sandviks hemliga satsning" (in Swedish). Gefle Dagblad. May 11, 2004. Retrieved October 20, 2022.
  18. ^ "Sandvik ökar ägandet i tyska Walter" (in Swedish). Svenska Dagbladet. May 23, 2003. Retrieved October 20, 2022.
  19. ^ "Sandvik acquires shares in Walter AG" (in Swedish). Stainless Steel World Publisher. September 10, 2001. Retrieved October 20, 2022.
  20. ^ "Sandvik köper miljardbolag" (in Swedish). Svenska Dagbladet. February 17, 2009. Retrieved October 20, 2022.
  21. ^ "Sandvik acquires WBH" (in Swedish). Stainless Steel World Publisher. February 18, 2009. Retrieved October 20, 2022.
  22. ^ "Company Case Study Wolfram Bergbau & Hütten AG (WBH)". European Partnership for Responsible Minerals. March 10, 2022. Retrieved October 20, 2022.
  23. ^ "Stefan Steenstrup utnämnd till ny koncernchef för Dormer Pramet" (in Swedish). Metal Supply. January 31, 2017. Retrieved October 20, 2022.
  24. ^ "Sandvik säljer för miljarder" (in Swedish). Dagens Industri. July 2, 2017. Retrieved October 20, 2022.
  25. ^ "FLSmidth concludes acquisition of remaining part of Sandvik Mining Systems". Engineering News. March 1, 2018. Retrieved October 20, 2022.
  26. ^ "Sandvik Spinoff Slips in Debut as Market Turmoil Hits Demand". Bloomberg. August 31, 2022. Retrieved October 20, 2022.
  27. ^ "Analyshus: Attraktiv chans att gå in i Alleima" (in Swedish). Dagens indsutri. August 31, 2022. Retrieved October 20, 2022.
  28. ^ "Alleima" (in Swedish). Nyemissioner. August 31, 2022. Retrieved October 20, 2022.
  29. ^ "Sandvik completes Deswik acquisition". IT PRO. Retrieved 2022-04-04.
  30. ^ "Sandvik to acquire mine planning software supplier Deswik, launch digital tech division". Canadian Mining. December 2, 2021. Retrieved August 31, 2022.
  31. ^ a b "Board of Directors". Sandvik. Retrieved October 15, 2022.
  32. ^ Lindström, Lennart. "Stor omorganisation inom del av Sandvik". dinlt.prenly.com. Retrieved 2022-10-27.
  33. ^ "Sandvik utser ny affärsområdeschef för Sandvik Rock Processing Solutions". nordiskaprojekt (in Swedish). 2022-07-15. Retrieved 2022-10-27.
  34. ^ Ltd, Mindworks Solutions Pvt. "Sandvik Focuses on Tool Life & Recycling for Environmental Sustainability". Modern Manufacturing India. Retrieved 2022-10-27.
  35. ^ "Sandvik Milling". M & M Sales & Equipment. Retrieved 2022-10-27.
  36. ^ Johansson, Av Joakim. "Sandvik Coromant förbättrar stålfräsningen". Metal Supply SE. Retrieved 2022-10-27.
  37. ^ Nittmar, Av Elin. "Sandvik Coromant lanserar fräs för störningsfri produktion". Verkstäderna. Retrieved 2022-10-27.
  38. ^ "Sandvik Coromant Introduces All-Directional Turning Solution". Engineering.com. Retrieved 2022-10-27.
  39. ^ "Sandvik Coromant turning tools handle long-overhang operations". Candian metalworking. September 23, 2019. Retrieved October 27, 2022.
  40. ^ "Sandvik gräver för framtiden". Arbetarbladet. February 19, 2013.
  41. ^ "Sandvik Coromant presenterar samarbete med HCL CAMWorks | Aktuell Produktion" (in Swedish). Retrieved 2022-10-27.
  42. ^ "Svensk Verkstad". Svensk Verkstad. Retrieved 2022-10-27.
  43. ^ "Sandvik introduces Sandvik DL422i top hammer longhole drill rig". International Mining. 2022-06-28. Retrieved 2022-10-27.
  44. ^ "Sandvik introduces smart drilling rig system". World Highways. Retrieved 2022-10-27.
  45. ^ "Sandvik Launches DT1132i Tunneling Jumbo - tunnel". www.tunnel-online.info. Retrieved 2022-10-27.
  46. ^ "Sandvik Showcasing Electric Concept Rig for Surface Drilling - Rock Products Magazine". 2022-05-12. Retrieved 2022-10-27.
  47. ^ "Sandvik Unveiling Three New Underground Drilling Solutions at MINExpo". OEM Off-Highway. 2021-09-13. Retrieved 2022-10-27.
  48. ^ "Sandvik launches DD320S development drill rig". www.geodrillinginternational.com. 2019-06-26. Retrieved 2022-10-27.
  49. ^ "Sandvik introduces new electric concept surface drill rig to the industry". International Mining. 2022-05-11. Retrieved 2022-10-27.
  50. ^ Gleeson, Daniel. "Sandvik Rotary Drilling Division Archives". International Mining. Retrieved 2022-10-27.
  51. ^ "Svensk Verkstad". Svensk Verkstad. Retrieved 2022-10-28.
  52. ^ "Executive Assistant to the President of Sandvik Manufacturing Solutions - Executiveeffect". www.executiveeffect.se (in Swedish). Retrieved 2022-10-28.
  53. ^ Werme, Av Emelie. "Djupdykning i Sandviks affärer". Verkstäderna. Retrieved 2022-10-28.
  54. ^ "Sandvik höjer intäktsmål". www.industrinyheter.se (in Swedish). Retrieved 2022-10-28.
  55. ^ "Svensk Verkstad". Svensk Verkstad. Retrieved 2022-10-28.
  56. ^ "Sandvik's inner sanctum: world leader in materials and cutting tools steps up focus on AM". www.business-sweden.com. December 11, 2019. Retrieved 2022-10-27.
  57. ^ "Sandvik Mining and Rock Solutions". Mining Technology. Retrieved 2022-10-27.
  58. ^ "Sandvik Partners With LKAB To Trial BEV Truck And Loader". Plant & Equipment News. 2021-12-19. Retrieved 2022-10-27.
  59. ^ "Sandvik looks to an open, interoperable and automation-ready future". International Mining. 2022-06-06. Retrieved 2022-10-28.
  60. ^ "Sandvik To Establish New Rock Processing Solutions Business". Diesel Progress. 2020-10-16. Retrieved 2022-10-27.
  61. ^ "Sandvik in brief - Rammer". www.rammer.com. Retrieved 2022-10-27.
  62. ^ Dowdall, Mark (2022-07-22). "New President announced for Sandvik Rock Processing Solutions". Middle East Construction News. Retrieved 2022-10-28.
  63. ^ "Svensk Verkstad". Svensk Verkstad. Retrieved 2022-10-28.
  64. ^ "Sandvik offers up enhanced three-deck Doublescreen solution". International Mining. 2022-05-25. Retrieved 2022-10-28.
  65. ^ "Sandvik in brief - Rammer". www.rammer.com. Retrieved 2022-10-28.
  66. ^ "Sandvik To Establish New Rock Processing Solutions Business". Diesel Progress. 2020-10-16. Retrieved 2022-10-28.
  67. ^ "Sandvik establishes new business area – Sandvik Rock Processing Solutions". Mining Technology. Retrieved 2022-10-28.

Further reading[edit]


Category:Manufacturing companies based in Stockholm Category:Manufacturing companies established in 1862 Category:Tool manufacturing companies of Sweden Category:Mining equipment companies Category:Steel companies of Sweden Category:Subterranean excavating equipment companies Category:Swedish brands Category:Swedish companies established in 1862 Category:Companies listed on Nasdaq Stockholm Category:Companies based in Bonifacio Global City Category:Multinational companies headquartered in Sweden


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