Sandvik Group AB
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Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. The company has approximately 41,000 employees and operations in over 150 countries, with revenues of about 123 billion SEK in 2024.
The group operates through three main business areas:
1. Sandvik Mining and Rock Solutions - A leading supplier of equipment, tools, parts, service and technical solutions for the mining and infrastructure industries. Key offerings include rock drilling equipment, rock cutting systems, loading and hauling machinery, tunneling equipment, and automation systems.
2. Sandvik Rock Processing Solutions - Specializes in equipment and solutions for rock and mineral processing in mining and infrastructure, including crushing, screening, breaking and demolition applications. The division focuses on energy-efficient comminution technologies.
3. Sandvik Manufacturing and Machining Solutions - A global market leader in metal-cutting tools and tooling systems, with expanding capabilities in digital manufacturing solutions, additive manufacturing and industrial metrology.
The company invests heavily in R&D (approximately 4.6 billion SEK) and holds around 6,900 active patents. Sustainability is embedded in Sandvik's business model, with commitments to reduce environmental impact and achieve net-zero emissions. The company has set science-based targets for reducing greenhouse gas emissions and focuses on developing sustainable solutions across its portfolio.
Sandvik maintains strong market positions through continuous innovation, digitalization initiatives, and strategic acquisitions. The company's growth strategy targets a 7% annual growth rate through both organic growth and acquisitions, with particular focus on expanding digital capabilities and sustainable solutions.
