Sandvik

Sandvik AB (STO: SAND) is a global engineering group headquartered in Stockholm, Sweden, specializing in mining and rock excavation, metal-cutting tools, and advanced materials.

Sandvik was founded in 1862 and has grown into a multinational company with operations in approximately 150 countries. In 2023, the company reported revenues of SEK 126,503 million and a profit of SEK 15,301 million. Sandvik employs around 44,000 people worldwide.

Sandvik operates through three main business areas:

• Sandvik Mining and Rock Solutions: Provides equipment and tools for the mining and construction industries, including drill rigs, crushers, and materials handling systems. This segment also offers digital solutions and automation technologies for mining operations.

• Sandvik Manufacturing and Machining Solutions: Produces metal-cutting tools, machining solutions, and digital manufacturing technologies. Key brands include Sandvik Coromant, Walter, Seco, and Dormer Pramet.

• Sandvik Materials Technology: Develops advanced stainless steels, special alloys, and products for industrial heating applications. This division produces materials used in industries such as oil and gas, nuclear energy, and aerospace.

In recent years, Sandvik has focused on expanding its digital and automation capabilities through acquisitions and internal development. The company has invested in technologies like battery-electric mining equipment, additive manufacturing, and software for optimizing manufacturing processes. Sandvik continues to pursue a strategy of growth in areas such as electrification, automation, and digitalization across its business segments.