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

  • Volvo bullish in Asian market
    February 29, 2012
    The manufacturer Volvo Construction Equipment has major growth plans for its presence in Asia and China in particular.
    Read More
  • Atlas Copco restructures power solutions
    July 18, 2017
    Atlas Copco has announced Power Technique as the new name of its Construction Technique business area. This has been chosen as the name because power is recognised by customers as the key characteristic of the core product categories in the portfolio; air, power (including light) and flow. The business area will serve multiple customer segments including construction, industrial, drilling, oil and gas and petrochemicals. The change is effective immediately. “Construction customers will always be close to ou
    Read More
  • Manitou reports good performance for 2015
    February 2, 2016
    French telehandler manufacturer Manitou reports good sales for its fourth quarter in 2015. The firm achieved sales of €333 million for its fourth quarter in 2015, an 8% increase over the same period in 2014. Meanwhile sales for the full-year were also up by 3% in 2015 at €1.287 billion compared with the full-year for 2014. The order intake for its equipment in the fourth quarter of 2015 hit €322 million compared with €298 million in the same period in 2014. And the order book at the end of the fourth quarte
    Read More
  • Innovative solutions to earthmoving needs
    January 17, 2013
    Several manufacturers are offering improved earthmoving machines, with more to come - Mike Woof reports One of the most notable developments comes from Caterpillar, with the unveiling of a hybrid excavator in the shape of its 336E H model. The machine is having its public launch at the bauma exhibition in Spring 2013 and will start rolling out of the factory in March 2013, while customers will be able to place orders from February 2013. Unlike other hybrid excavators on the market at present, the Cat 336E
    Read More

Highlighted Content