Sandvik
- Conveyors & Components
- Crushing & Screening
- Mining Software
- Algeria
- Argentina
- Australia
- Austria
- Brazil
- Bulgaria
- Canada
- Chile
- China
- Colombia
- Czech Republic
- Democratic Republic of the Congo
- France
- Germany
- Greece
- Hong Kong
- Italy
- Japan
- Kenya
- Mali
- Mexico
- Mongolia
- Morocco
- New Zealand
- Philippines
- Poland
- Portugal
- Serbia
- Singapore
- Slovakia
- South Africa
- Spain
- Sweden
- Switzerland
- Thailand
- Turkey
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Vietnam
- Zambia
Key takeaways
- Category: Conveyors & Components, Crushing & Screening, Mining Software
- Based in: Stockholm Sweden, Sandviken Sweden, Gimo Sweden and 67 more locations
- Serves: Algeria, Argentina, Australia, Austria, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Democratic Republic of the Congo, France, Germany, Greece, Hong Kong, Italy, Japan, Kenya, Mali, Mexico, Mongolia, Morocco, New Zealand, Philippines, Poland, Portugal, Serbia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Vietnam, Zambia
- Operating: Founded 1862
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’s offerings cover the entire customer value chain and are based on extensive investments in research and development, customer insights and deep knowledge of industrial processes and digital solutions.
Sandvik has world-leading positions in equipment and tools, service, digital solutions and sustainability-driving technologies for the mining and infrastructure industries, such as automated and electric mining equipment and eco-efficient rock processing. The company also provides metal-cutting tools, tooling systems and digital solutions driving higher efficiency and automation in component manufacturing, as well as industrial metrology technologies and metal powder.
The company was founded in 1862 by Göran Fredrik Göransson, who was first in the world to succeed in using the Bessemer method for steel production on an industrial scale. At an early stage, operations focused on high quality and added value, investments in research and development, close contact with customers, and exports. This strategy has remained unchanged through the years. As early as the 1860s, the product range included drill steel for rock-drilling. The company listed on the Stockholm Stock Exchange in 1901. Manufacturing of stainless steel began in 1921 and cemented carbide in 1942. Production of cemented-carbide tools began in the 1950s in Gimo, Sweden. In 1972, the company name was changed to Sandvik AB, and in 1984, a new type of organization was introduced with a parent company and separate business areas.
Sandvik’s business model is based on close customer cooperation where it creates value through products and solutions contributing to enhanced productivity and sustainability. Together with customers, Sandvik drives innovation and digitalization to unlock large-scale value, improve operations, create safer operating conditions and achieve more with less. The company is focused on advancing the world through engineering, continuously developing both customer offerings and core competencies by adding new digital technologies. The business model generates value for employees and society, which together with large customer value ultimately leads to shareholder value.
In August 2022, the business area Sandvik Materials Technology became the standalone listed company Alleima. Today, Sandvik’s operations are concentrated on equipment and tools, service, digital solutions and sustainability-driving technologies for the mining and infrastructure industries, such as automated and electric mining equipment and eco-efficient rock processing, as well as cutting tools, tooling systems and digital solutions driving higher efficiency and automation in component manufacturing, in-line metrology technologies and metal powder.
Sandvik has a decentralized organization with operations conducted in four business areas, each having several divisions with responsibility for research and development, production and sales of their respective products and services. An established governance framework including Group policies, Group procedures and other steering documentation governs the way the company conducts its business. The whole organization shares the same purpose and values.
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Company details
- Projects and clients
- English Channel tunnel boring, Abu Simbel Temples stone sculpture movement Egypt, Aswan dam tunneling, Saint-Gotthard Massif road tunnel Switzerland, Vasa Museum Stockholm preservation project, nuclear power plant steam generator tubes, oil and gas industry umbilical tubes, ethylene furnace tubes, coal-mining machinery in Poland, platinum mining in extremely narrow mine drifts, AutoMine automation testing in Canadian and Swedish mines, major assembly plant Santiago Chile, assembly plants in Shanghai China and Belo Horizonte Brazil, distribution centers in Europe, North America, Singapore, distribution center Newcastle Australia, research centers in India and China, research center for advanced alloys in Pune India, tooling engineering center in India, titanium powder plant in Sandviken Sweden, pneumatic conveyor systems in Japan, mineral exploration acquisitions in Australia and Chile, Suzhou Ahno acquisition China cutting tool manufacturer, Universal Field Robots acquisition for mining automation, CAM solutions acquisitions, DSI Underground acquisition for underground safety, multiple company acquisitions in mine optimization, electrification, powder solutions, solid round tools, mine planning, battery diagnostics, wireless connectivity, electric battery solutions, round tools, SGL Technology acquisition Netherlands processing equipment for food production
- Scale
- Approximately 42,000 employees, 7,500 active patents, 4.5 billion SEK in research and development investments, 45 production units for insert production, operations in more than 150 countries, revenues of about 121 billion SEK, 62 years, 57 subsidiaries
- Also worth knowing
- Founded by Göran Fredrik Göransson who was first in the world to succeed in using the Bessemer method for steel production on an industrial scale, company produces 50% electric target for underground hard rock offering by 2030, leading supplier of battery-electric vehicles BEVs for mining, first in world to produce diamond-coated carbide cutting inserts on industrial scale 1994, first in Europe to perform pilgering of tubes on industrial scale 1934, first to produce cemented-carbide tools for metal cutting 1943, first to produce surface-coated cemented-carbide inserts Gamma Coating 1969, Sandvik Alpha 340 received 2026 Wilhelm Haglund Medal for drilling system improving hole straightness service life and drilling costs in underground mining, acquired majority stake in Suzhou Ahno 2024-2025 leading cutting tool manufacturer on premium market in China, strengthened mining automation offering with acquisition of Universal Field Robots, agreed to acquire market-leading underground safety company DSI Underground 2020, recognized as one of the world's 100 most innovative companies Thomson Reuters 2012 2013, recognized as one of 100 most sustainable companies in the world Corporate Knights 2018, closed or signed agreements for 14 company acquisitions in 2021 in strategic areas such as CAM software round tools mine planning and ground support, divested majority of Drilling and Completions Varel 2020 to focus on non-oil and gas operations, invested in metal powder technology, invested in additive manufacturing 3D printing 2013, recycling program for used cemented-carbide inserts for recovery of cobalt and tungsten started 1997, new stainless steel Safurex developed for synthetic fertilizer industry, Teflon-coated precision wire for cardio surgery, composite wire for pacemakers, Sandvik Nanoflex material for eye surgery and electric shaver heads and medical and environmental engineering applications, divestment of Sandvik Medical Solutions 2012, divestment of Drilling and Completions Varel 2019 2020, Divestment of mining systems operations 2015, Divestment of Process Systems and Mining Systems 2017, Divestment of stainless wire business 2018, Divestment of welding wire business 2017, Divestment of Hyperion 2017, Divestment of Disston 1982, Divestment of Process Systems 1982, Separation of Sandvik Materials Technology to standalone company Alleima August 2022, separation of Saws and Tools business area 1999
Details prepared by MineListings. Sandvik can update them by upgrading to Premium.
Where is Sandvik listed in the directory?
Conveyors & Components 140 companies Crushing & Screening 129 companies Mining Software 343 companiesFrequently asked questions
What does Sandvik supply?
Equipment inspections, rebuilds, comprehensive service contracts, digital service solutions, AutoMine automation family, OptiMine suite of digital solutions, mine planning software for 3D mine design, scheduling, operations planning and geological mapping, drilling solutions, loading and hauling, continuous mining and tunneling, rock tools solutions, ground support products and services, My Sandvik digital service solutions, rock processing solutions, cutting tools, tooling systems, metal powder, metal-cutting tools, industrial metrology technologies, cemented-carbide tools, indexable inserts, carbide tools recycling
Where is Sandvik based?
Stockholm Sweden, Sandviken Sweden, Gimo Sweden, Vastberga Sweden, Svedala Sweden, Chomutov Czech Republic, Zhenjiang China, Jiading Shanghai China, Vespasiano Belo Horizonte Brazil, Santiago Chile, Newcastle Australia, Mebane North Carolina United States, Fair Lawn New Jersey United States, Westminster South Carolina United States, Scranton Pennsylvania United States, Alachua Florida United States, Burlington Ontario Canada, Arnprior Ontario Canada, Mississauga Ontario Canada, Montreal Canada, Kobe Japan, Singapore, Halesowen United Kingdom, Düsseldorf Germany, Stuttgart Germany, Barcelona Spain, Madrid Spain, Orléans France, Paris France, Vienna Austria, Milan Italy, Warsaw Poland, Prague Czech Republic, Budapest Hungary, Sofia Bulgaria, Bratislava Slovakia, Belgrade Serbia, Ljubljana Slovenia, Athens Greece, Bucharest Romania, Kiev Ukraine, Lisbon Portugal, Spreitenbach Switzerland, Manila Philippines, Wellington New Zealand, Santiago Chile, Bogotá Colombia, Nairobi Kenya, São Paulo Brazil, Buenos Aires Argentina, San Justo Argentina, Vallarta Mexico, Hong Kong, Taipei Taiwan, Bangkok Thailand, Ho Chi Minh City Vietnam, Istanbul Turkey, Casablanca Marrakech Morocco, Algiers Algeria, Tunis Tunisia, Ndola Zambia, Democratic Republic of Congo, South Africa, Mali, Mongolia, Nairobi Kenya, United Arab Emirates, Croatia, Bosnia and Herzegovina
Which industries does Sandvik work in?
Mining, hard rock mining, underground mining, surface drilling, tunneling, construction, infrastructure, civil infrastructure applications, component manufacturing, automotive, aerospace, general engineering, energy transition, rock excavation
What equipment or products does Sandvik offer?
AutoMine automation family, OptiMine suite, underground drilling solutions, surface drilling solutions, rotary drilling solutions, loaders, trucks, continuous miners, bolter miners, tunneling jumbos, rock tools, cable-electric mining equipment, battery-electric vehicles BEVs, drill rigs, Toro 2500, CoroMill, CoroMill 316, CoroMill 390, CoroDrill 880, CoroThread, CoroCut, CoroKey, Wiper, T-Max tools, T-Max P, T-Max U, T-Max U-lock, Delta Drill, DD direct distribution, Block Tools, Varilock, Coromant Capto, New Wave, Q-Cut, Knux, Gammax, Dual Property, cemented-carbide inserts, ceramic inserts, cubic boron nitride inserts, diamond-coated carbide cutting inserts, Kanthal, Sanmac, Safurex, Sandvik Nanoflex, stainless steel tubes, seamless tubes, cladding tubes, welded tubes, precision tubes, strip steel, wire, conveyor belts, steel belts, tube mills, pilger mills, extrusion presses, cold-rolling mills, pilgering equipment, Icutroc, Alpha 340
How long has Sandvik been operating?
Founded 1862, listing on Stockholm Stock Exchange 1901, 150th anniversary 2012
What certifications does Sandvik hold?
Science Based Targets initiative approved greenhouse gas targets, Science Based Targets initiative commitment to reach net-zero emissions by 2050, Global 100 Most Sustainable Corporations in the World by Corporate Knights 2018, Dow Jones Sustainability Index inclusion 2016 2017, FTSE4Good Index Series inclusion 2016, Ethibel Sustainability Index Excellence Europe inclusion 2016, Thomson Reuters 100 most innovative companies 2013, Forbes 100 most innovative companies list 2013
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