Sandvik
Sandvik is a global company based in Stockholm, Sweden, specializing in mining, rock excavation, metal cutting, and tooling systems, known for its sustainability efforts and significant investment in research and development.
Mining and Rock Excavation Solutions
Sandvik provides advanced products and solutions for mining and rock excavation. Their offerings are designed to enhance productivity and profitability in various mining operations. These solutions include equipment for drilling, blasting, and material handling, tailored to meet the specific needs of mining projects. Sandvik's innovative approach ensures efficient and environmentally responsible operations in the mining sector.
Metal Cutting Products and Services
Sandvik specializes in metal cutting solutions, offering a comprehensive range of products and services aimed at improving productivity and sustainability in manufacturing. The company provides high-precision tools for processes such as drilling, reaming, milling, and tooling systems. Their recent acquisition of Almü has further strengthened Sandvik's capabilities in delivering advanced metal cutting solutions.
Research and Development Investments
In 2023, Sandvik invested approximately 4.6 billion SEK in research and development. This significant investment underlines the company's commitment to innovation and enhancing its product offerings. With around 6,900 active patents, Sandvik continuously pushes the boundaries of technology to deliver cutting-edge solutions in its core sectors.
Global Workforce and Headquarters
Headquartered in Stockholm, Sweden, Sandvik employs approximately 41,000 people globally. The company's extensive workforce is integral to its operations, ensuring the delivery of high-quality products and services across various industries. Sandvik's global presence allows it to cater to diverse market needs while maintaining strong local connections.
Sustainability Initiatives
Sandvik received the Sigrid Göransson sustainability award in 2024 for its digitalized recycling program for used carbide tools. This initiative is part of Sandvik's broader commitment to sustainability, focusing on reducing environmental impact through innovative recycling and reuse strategies. The company's efforts contribute to a more sustainable future in the manufacturing and mining sectors.