Sandvik merges operations to form new business area

Sandvik is merge its Sandvik Mining and Sandvik Construction operations into one business area, which will be called Sandvik Mining and Rock Technology. The various operations of this new division will be organised in a de-centralized business model. It will have separate product areas based on the product offering. Each product area will have full responsibility and accountability for its respective business.
March 16, 2016 Read time: 2 mins
325 Sandvik is merge its Sandvik Mining and Sandvik Construction operations into one business area, which will be called Sandvik Mining and Rock Technology. The various operations of this new division will be organised in a de-centralized business model. It will have separate product areas based on the product offering. Each product area will have full responsibility and accountability for its respective business.

"Products developed for the customer segments mining and construction are based on common technologies with a similar aftermarket offering. In addition, manufacturing units are already largely shared with to some extent shared front line resources. By joining the operations into one business area we achieve a leaner and more efficient structure. The decentralized business model enables an even clearer focus and faster response to our customers," said Björn Rosengren, Sandvik´s president and CEO.

The new structure will be effective as from 1st July 2016 and Lars Engström, currently President of Sandvik Mining has been appointed president of the new business area, Sandvik Mining and Rock Technology. Dinggui Gao, president of Sandvik Construction will leave the company as of 1st July 2016.

Further details on the new structure will be included in the presentations at the upcoming Sandvik Capital Markets Day on 24th May 2016.
Finance & Funding

For more information on companies in this article

Related Content

  • New focus on hydraulics operations for Lonking
    November 12, 2014
    Lonking widening its product range and developing its hydraulics components operations - Mike Woof reports Shanghai-based Lonking is best known as a major supplier of wheeled loaders, and as one of the market leaders in China. The company has followed a path of diversification in recent years however, significantly widening its product range and with its excavator business in particular proving successful and taking a substantial share of the Chinese home market. Other Lonking products rolling off the produ
    Read More
  • Rehlko president Eric Fontaine interview: Ambitious plans for new brand & new leadership values for former Kohler engines group
    April 10, 2025

    Eric Fontaine joined Rehlko as president of engines in January 2025, not long after the business was rebranded from Kohler.  

    “I was impressed with the spirit of innovation and the products we have, together with the high quality of the engines,” says Fontaine of Rehlko.  

    “For our products, within the package we provide, we really are best in class, especially around torque and power density.” He also pays tribute to the talent and enthusiasm of the Rehlko engine team.

    Read More
  • Fayat president is positive for business outlook
    January 6, 2017
    As a major presence in the construction sector, the Fayat Group is well-placed to understand the current market conditions. President Jean-Claude Fayat revealed that the firm does have a strong insight into the state of the international market, as well as some key developments for 2015. With much of its operation based in Europe, the company has been affected by the currency situation.
    Read More
  • Fayat president is positive for business outlook
    April 23, 2015
    As a major presence in the construction sector, the Fayat Group is well-placed to understand the current market conditions. President Jean-Claude Fayat revealed that the firm does have a strong insight into the state of the international market, as well as some key developments for 2015. With much of its operation based in Europe, the company has been affected by the currency situation.
    Read More

Highlighted Content