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

  • State-of-the art road tunnels in construction and use of ITS
    April 25, 2013
    A wealth of major road tunnel construction projects and significant cant ITS installations within existing key road tunnels have been recently completed or will soon be underway. Guy Woodford examines some of them. A state-of-the art Tunnel Boring Machine (TBM) - the 10th largest ever to be built worldwide will be put to work later this year on New Zealand Transport Agency’s landmark Waterview Connection project in Auckland. The giant Herrenknecht-manufactured machine will be used to construct the twin 2.5
    Read More
  • Sophisticated machine telematics packages offered
    September 27, 2013
    Several of the major equipment manufacturers now offer sophisticated telematics packages fitted as standard to their machines. Caterpillar and Komatsu were amongst the leaders in this field, allowing a high level of access to a machine's systems and sub-systems for performance monitoring, maintenance management and geofencing purposes for example. To the customer this offers the chance to address fleet running costs and utilisation, reduce the risk of theft and increase overall efficiency. Customers can eve
    Read More
  • Demonstrating the latest in construction machines
    February 28, 2012
    Sandvik Mining and Construction and Volvo Construction Equipment have jointly held a series of machinery demonstrations and customer events in Sweden.
    Read More
  • Bauma Conexpo India 2016 – show report
    March 6, 2017
    The fourth edition of Bauma Conexpo India, which took place at Gurugram, near New Delhi, was dominated by road construction manufacturers and distributors, sharing heightened business confidence and buoyed by the Indian government's major thrust to develop road infrastructure. Partha Pratim Basistha reports
    Read More

Highlighted Content