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

  • Beijing's BICES reflects China's economic growth
    February 27, 2012
    The busy BICES show reflects China’s booming infrastructure investment and growing economy – Mike Woof reports. The recent BICES trade show in capital Beijing was extremely busy, with high visitor attendance levels and crowded aisles. The interest in the event strongly reflects the country’s massive infrastructure growth, which continues to develop. The construction equipment business has been identified as a key economic priority by the Chinese Government, with manufacturers being offered numerous incentiv
    Read More
  • New wearparts operation for thyssenkrupp
    January 10, 2018
    By integrating its forging operations in its components business area thyssenkrupp believes it has established one of the world’s biggest companies for this industry segment. The company has linked its operations at its sites in Europe, North and South America, India and China. The new business unit thyssenkrupp Forged Technologies has around 7,000 employees at 18 production sites and a broad distribution network in over 70 countries. The business unit has sales of over €1 billion and operates over 50
    Read More
  • Helsinki's tunnel project
    April 11, 2012
    A novel approach to utilities installation will lengthen the life of Helsinki's streets, reports Mike Woof A major utilities project in Finnish capital Helsinki will offer huge benefits for the city's streets and traffic flow rates in years to come. A new tunnel system is being excavated under Helsinki for the power company Helsingin Energia, although this will be co-owned by the city. Called the Common Utility Tunnel (Meilahti-Pasilak-Käpylä LU2), the excavations form an extensive network spreading out un
    Read More
  • Helsinki's tunnel project
    May 9, 2012
    A novel approach to utilities installation will lengthen the life of Helsinki's streets, reports Mike Woof. A major utilities project in Finnish capital Helsinki will offer huge benefits for the city's streets and traffic flow rates in years to come. A new tunnel system is being excavated under Helsinki for the power company Helsingin Energia, although this will be co-owned by the city. Called the Common Utility Tunnel (Meilahti-Pasilak-Käpylä LU2), the excavations form an extensive network spreading out un
    Read More

Highlighted Content