Three business areas with different focuses

We began decentralizing our organization and consolidating Sandvik’s business portfolio in 2016 to improve our long-term efficiency and customer proximity. Our three business areas – Sandvik Machining Solutions, Sandvik Mining and Rock Technology and Sandvik Materials Technology – are divided into 18 product areas with full operational responsibility.

Each business area has its own set of opportunities and challenges concerning stability, profitability and growth that require different strategies and focus. Decentralization and consolidation of the business portfolio, combined with a stronger market environment, contributed to the Group's improved profitability in 2017.

Sandvik Machining Solutions

A market-leading manufacturer of tools and tooling systems for advanced metal cutting.

Key Priorities
Working to expand the market position through organic growth, innovation and niche acquisitions in the core business. Another part is to expand outside the core machining area, into pre-machining and post-machining and additive manufacturing.

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Sandvik Mining and Rock Technology

A leading supplier in equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry.

Key Priorities
Improve profitability by growing aftermarket and increase sales of our parts and services on installed base of equipment, as well as add value through automated solutions, aiming to reduce earnings volatility.

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Sandvik Materials Technology

A leading developer and manu­facturer of advanced stainless steels, powder-based alloys and special alloys for the most demanding industries.

Key Priorities
Restore profitability short-term through cost actions, and long term by growing sales of high value products. Increased focus on operational and commercial excellence.

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