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

  • Deere & Company planning to buy Wirtgen
    June 1, 2017
    A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.
    Read More
  • Deere & Company planning to buy Wirtgen
    June 1, 2017
    A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.
    Read More
  • Fast flyover removal with specialist demolition equipment
    July 12, 2012
    An overcrowded Indian flyover was removed in record time using specialist demolition equipment, as Patrick Smith reports Demolition of the landmark Lalbaug flyover south of central Mumbai has been completed and work on a new bigger bridge has started in India's largest city. Although the 38-year-old Sant Dnyaneshwar (Lalbaug flyover) two-lane, one-way traffic artery was serviceable and used by to 15,000 vehicles/hour, there were daily traffic jams and environmental consequences. Despite the complex and dema
    Read More
  • Sandvik’s DT1131i jumbo and iSURE software in Iceland and Norway
    August 14, 2019
    Sandvik’s DT1131i three-boom, electro-hydraulic jumbo, iSURE tunnel management software and the latest drill bit hardware were recently put to the test in Iceland and Norway* Czech contractor Metrostav recently achieved 105m of tunnel excavation in a record-breaking six days. But it will be consistent performance and progress that will see Iceland’s Dyrafjordurgong Tunnel in the remote Westfjords region open on time and on budget. The 5.3km Dyrafjordurgong Tunnel is costing around €69 million and due
    Read More

Highlighted Content