Sandvik

Sandvik is one of the largest industrial companies in Sweden. The company, which is engaged in special steel industry, was founded in 1862 in Sandviken, Sweden.

Operations

Of the turnover of SEK 86 billion in 2007 tool production were achieved just under three tenths in the area. In particular blades and drills especially for the automotive and general engineering are produced. To a lesser extent, the products were also sent to the consumer products industry or the aerospace industry. Slightly more than half of the sales quarter in the North American area, close to 20% in Asia in the field in Europe, almost done.

More than a third of sales in 2007 came from the mining and construction industries division, which includes revenue in equipment, tools and services. The range in this area ranges from drill bits and drilling equipment on conveyors to bucket loaders and transporters.

About a quarter of sales is contributed by the Materials Technology Division. Tubes, strips and wires of stainless steel to the starting material for metal implants in medical technology are the products of the division.

The subsidiary Seco Tools, a company with products for the metalworking industry contributes 7% of sales.

Produced by Sweden Sandvik 12C27 steel with the designation is also used in the production of traditional French Laguiole knives.

History

Sandvik was founded in 1862 by Göran Fredrik Göransson, who could successfully apply first the Bessemer method for steel on an industrial scale. First Sandvik produced steel for drilling rigs and went in 1901 to the Stockholm Stock Exchange.

In the 1920s, Sandvik took on the production of stainless steel.

In 1991, the Swedish tool manufacturer Sandvik Bahco, in 2005, Walter AG in Tübingen.

Today We employ under the direction of CEO Olof Faxander approximately 49,000 employees in 130 countries.