Sandvik is a high-tech and global engineering Group with about 43,000 employees with a strong commitment to enhancing customer productivity, profitability and safety.
Our operations are based on unique expertise in materials technology, extensive knowledge about industrial processes and close customer cooperation. This combination, coupled with continuous investments in research and development (R&D), has enabled us achieve world-leading positions in the following areas:
Tools and tooling systems for industrial metal cutting
Equipment and tools, service and technical solutions for the mining and construction industries
Advanced stainless steels and special alloys as well as products for industrial heating
Sandvik's operations are organized into three business areas responsible for research and development (R&D), production and sales of their respective products. Read more about Sandvik's business areas
Key facts about the Sandvik Group*
Revenues 91 billion SEK (approx.)
Number of employees 43,000 (approx.)
Chairman of the Board Johan Molin
President and CEO Björn Rosengren
Investments in R&D 3.5 billion SEK (approx.)
Number of active patents 7,300 (approx.)
Headquarters Stockholm, Sweden
Founded year 1862 VISION AND STRATEGY
Our vision is to set the industry standard. It means that we set the benchmark for others to follow.
With more than 2,700 people active in research and development, we have established a significant track record in commercializing new products and solutions, many of which have become the yardstick within our customers' industries.
Driven by the challenges our customers face, we continuously strive to set new industry standards, resulting in higher productivity and enabling more efficient and safer industrial activities. At Sandvik, we have the passion, expertise and innovative mindset for developing new ideas into pioneering solutions.
Strong foundation for continued success
Since Sandvik was established more than 150 years ago, our business concept has been based on innovation, technology leadership and close, long-term customer relationships. To ensure future leadership and value creation for our customers and shareholders we have the following strategic agenda:
Focus on our core capabilities and ensure to be number one or two in our chosen segments and markets
Maintain strong technology leadership and innovation capabilities
Assure high accountability and decisions close to customers
Ensure stability and profitability and thereafter growth
Strive for efficiency and continuous improvements
Ensure a culture of doing things right – ethically and responsibly
Attract, develop and retain exceptional people