| Type | Publicly traded Aktiebolag (OMX: SAND) |
|---|---|
| Industry | Engineering |
| Founded | 1862 |
| Headquarters | Sandviken, Sweden |
| Key people | Anders Nyrén (Chairman), Olof Faxander (President and CEO) |
| Products | Tools for metal cutting, mining and construction tools, stainless steel and special alloy products |
| Revenue | 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] |
| Website | www.sandvik.com |
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, stainless steel alloys and materials technology, mining and construction. It has about 47,000 employees in 130 countries, with annual sales of approximately SEK 83 billion.
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Sandvik consists of three business areas as following:
The Mining and Construction business area offers solutions for many applications in the mining and construction industry, including surface rock excavation, tunneling, demolition, recycling and road rehabilitation.
The Materials Technology business area specializes in development and production of advanced stainless steel (such as Sandvik SAF 2507, Sandvik SAF 2707 HD and Sandvik 12C27), special alloys and titanium. The materials are produced in a variety of product forms, such as tube, bar, strip, wire and various near-net shapes.
Sandvik[2]
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.
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.
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