Epiroc AB - Company Profile
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Business Description
Epiroc AB (Epiroc) is a manufacturer of equipment for mining and infrastructure industries. It offers drill rigs, rock excavation and construction equipment, and related parts and tools. The company’s products find applications in production and development work for both underground and open-pit mines. Its products also find applications in mineral exploration and blasthole drilling for infrastructure development works.
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R&D Overview
The company’s R&D team focuses on the development of new products which is technically and commercially feasible and will generate future benefits. The company also collaborated with many equipment and service providers, technology companies and universities to drive innovation. In FY2022, Epiroc’s R&D expense was SEK1,438 million, which grew 22.7% over that in the previous year and stood at 2.9% of the company’s revenue.
Business Segments
Overview
Offers equipment and solutions for rock drilling, mechanical rock excavation, rock reinforcement, and loading and haulage. Also, manufactures ventilation systems and drilling equipment for water, energy, oil and gas sectors. Carries out business through four sub-segments: Surface, Underground, Parts and Services, and Technology and Digital. Under the Surface sub-segment, the company manufactures and sells a wide range of equipment for surface mining, exploration, construction and quarries. Through Underground sub-segment, it develops drill rigs, mine trucks, loaders mine trucks and ventilation systems for underground applications. Under Parts and Services sub-segment, the company focuses on supply of spare parts, support and professional services and training. Through Technology and Digital sub-segment, it offers consulting and engineering services. In FY2022, the segment’s capital expenditure stood at SEK2,096 million, which grew 22.3% YoY.
Performance
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Overview
Offers rock drilling tools and hydraulic attachments. Provides tools and parts which are primarily attached to machines used for drilling, demolition, recycling and rock excavation. In FY2022, the segment’s capital expenditure stood at SEK433 million, which grew 9.3% YoY.
Performance
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Performance
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Geographical Segments
Target Markets
South Africa and Congo
Performance
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Target Markets
Australia, China, India and Kazakhstan
Performance
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Target Markets
Sweden, Russia, Germany, Norway and Finland.
Performance
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Target Markets
The US and Canada
Performance
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Target Markets
Chile, Peru and Brazil
Performance
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