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

  • Nigerian asphalt producer increasing capacity with Sandvik plant
    June 30, 2014
    In Nigeria a major asphalt producer is increasing production capacity to cope with growing demand for its materials Nigeria is developing its road and highway network, which has triggered greater demand for quality aggregates and asphalt for construction. Producer Asphalt Unity Construction is now meeting this demand with its purchase of new mobile equipment from Sandvik Construction.
    Read More
  • Major advances in compaction technology
    February 9, 2012
    Both soil and asphalt compaction technologies will see key advances in 2010, writes Mike Woof. With each phase of regulations coming into force for engine and noise emissions, as well as operator vibration, manufacturers have been forced to improve, upgrade and update their compaction machines.
    Read More
  • Normet to invest over €7 million
    March 7, 2012
    Underground construction in the world is increasing, metal ores are mined deeper, and there is an ever-growing demand in emerging countries for metals, infrastructure and energy.
    Read More
  • Shantui broadening operations
    January 6, 2017
    Chinese firm Shantui is best known for its well-proven bulldozer range, which it started manufacturing 30 years ago, although the company has since diversified its product line.The company is China’s leading producer of bulldozers and claims around 70% of the home market for these machines although it also exports a significant percentage of its production run. Shantui’s senior consultant for Global Marcoms, David Lightle said, “We’ve been exporting for 25 years.” Exports form an important part of the compa
    Read More

Highlighted Content