Sandvik AB - Company Profile
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Sandvik AB (Sandvik) is a high-technology engineering company, which specializes in material technology and industrial processes. The company’s major offerings include metal cutting tools and tooling systems; mining and rock excavation equipment; stainless steel and titanium; furnace products and heating systems; and digital manufacturing solutions. The company caters to various sectors including aerospace, automotive, construction, general engineering, mining, nuclear power generation, oil and gas, process industry and renewable energy. The company sells its products through a network of direct sales force and distributors in the Americas, Europe, Africa, the Middle East and Asia-Pacific. Sandvik is headquartered in Stockholm, Sweden.
Sandvik AB premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Metal Cutting Tools and Tooling Systems | Digital Manufacturing Solutions | Sandvik |
Mining and Rock Excavation Equipment and Tools | Sandvik Coromant | |
Additive Manufacturing | Dormer Pramet | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company entered into an agreement to acquire a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. |
2024 | Contracts/Agreements | In April, the company entered into an agreement to acquire Almu Prazisions-Werkzeug GmbH, a cutting tools and solutions provider. |
2024 | Contracts/Agreements | In April, the company secured an order from Mongolyn Alt MAK LLC to deliver electric rotary drill rigs for use at the Tsagaan Suvarga Project in Mongolia. |
Competitor Comparison
Key Parameters | Sandvik AB | Mitsubishi Corp | Nippon Steel Corp | Komatsu Ltd | DSV AS |
---|---|---|---|---|---|
Headquarters | Sweden | Japan | Japan | Japan | Denmark |
City | Stockholm | Chiyoda-Ku | Chiyoda-Ku | Minato-Ku | Hedehusene |
State/Province | - | Tokyo | Tokyo | Tokyo | - |
No. of Employees | 40,877 | 79,706 | 106,068 | 64,343 | 73,577 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Johan Molin | Chairman | Executive Board | 2015 | 64 |
Stefan Widing | Chief Executive Officer; Director; President | Executive Board | 2020 | 46 |
Cecilia Felton | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 39 |
Sofia Sirvell | Chief Digital Officer | Senior Management | 2023 | 49 |
Bjorn Roodzant | Head - Group Communications and Sustainability; Executive Vice President | Senior Management | 2023 | 54 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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