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

  • Volvo CE US$100 million Americas expansion
    March 22, 2013
    Volvo Construction Equipment president Pal Olney stressed the long-term importance to the company of the North American market while formally recognising the industry giant’s US$100 million expansion programme at its Shippensburg, Pennsylvania facility. Olney cut the ribbon to officially open Volvo CE’s new Americas’ headquarters building. The event also saw the unveiling of the first wheeled loader to roll off the Shippensburg site’s cutting edge assembly line. On the significance of the two big landmarks,
    Read More
  • Testing construction machines in site conditions
    March 2, 2012
    CASE has officially opened its new €3 million Case Customer Centre Paris, France, which will allow customers from around the world to experience the full range of Case Construction Equipment in real job site working conditions. The centre, north of the French capital, includes 1,900m² of showrooms, an auditorium, a restaurant and workshops, and is set in the heart of 16 hectares of specifically designed working zones.
    Read More
  • Turkish manufacturers key to aggregates equipment
    February 13, 2012
    Turkish manufacturers are important trading partners in the worldwide aggregate production sector, Mike Woof reports
    Read More
  • Volvo CE’s electric prototype excavator
    May 17, 2017
    Volvo CE has developed an all-electric mini excavator, which it is now demonstrating in prototype form. The machine is powered by the latest generation Li-Ion battery technology and is said to be highly efficient. Volvo CE points out that the machine is a prototype intended to test the concept and that its configuration will be likely to change during development. The 3.5tonne machine also does without conventional hydraulic circuits, marking it apart from currently available electric excavators. Lars Stenq
    Read More

Highlighted Content