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

  • SDLG aims to be top Chinese brand
    April 20, 2016
    SDLG has set itself a target to become China’s number one construction brand by 2021. Shandong Lingong Construction Machinery (known as Lingong), said it is already spending 10% of its sales revenues on research and development, and it claims up to 70% market share in a number of countries for its wheeled loaders, its largest-selling product.
    Read More
  • BIA announces new CEO & strengthens management team with new VP sales & marketing
    May 7, 2024
    BIA Group, a major player in distributing equipment and services for the mining and quarrying, construction, transport and energy supply sectors, has unveiled its new CEO.
    Read More
  • Volvo wins on aggregate
    December 3, 2013
    In the Canadian city of Coquitlam, 3,628tonnes of glacial clay is being excavated every day across a 90hectare aggregate open-pit mine. LaFarge in North America is the largest diversified supplier of construction materials in the United States and Canada. For the last decade the company has used Greater Vancouver-based contractor, Vertex Excavating, to work across its 90hectare aggregate open-pit mine, exposing and transporting some of the best concrete aggregate material available on the market. Th
    Read More
  • Intelligent paving and compaction holds the key
    October 16, 2024
    Intelligent paving and compaction holds the key to more efficient road construction according to BOMAG – Mike Woof writes
    Read More

Highlighted Content