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Sandvik Group

Sandvik Manufacturing and Machining Solutions

Business area Sandvik Manufacturing and Machining Solutions is a global market-leading manufacturer of tools and tooling systems for advanced industrial metal cutting. In recent years, it has expanded into the areas of digital manufacturing solutions, additive manufacturing and in-line metrology.

The business area consists of two business area segments – Sandvik Machining Solutions and Sandvik Manufacturing Solutions.

Business area President: Stefan Widing

Sandvik Machining Solutions

Business area segment Sandvik Machining Solutions provides tools, tooling systems and services that optimize machining operations such as turning, milling and drilling. Services include, for example, logistic solutions and productivity improvement programs. The business area segment holds several market-leading brands for its metal-cutting offering which operate independently from each other.

President of the business area segment: Nadine Crauwels

Sandvik Manufacturing Solutions

Business area segment Sandvik Manufacturing Solutions covers the areas of digital manufacturing and software solutions, additive manufacturing and industrial metrology. These are areas where Sandvik is s uniquely positioned due to its extensive industry experience and expertise in advanced materials and materials shaping. The offering spans the entire component manufacturing value chain – from design and planning to preparation, production and verification.

President of the business area segment: Mattias Nilsson

Key figures 2022

Revenues
45,901 million SEK
Adjusted operating profit (EBITA)
10,023 million SEK
Employees
20,802

  • Divisions

    Sandvik Machining Solutions1)

    • Sandvik Coromant
    • Seco
    • Walter
    • Dormer Pramet
    • Wolfram

    Sandvik Manufacturing Solutions1)

    • Design and Planning Automation
    • Additive Manufacturing

    1) Business area segment

  • Demand drivers

    • Manufacturing volumes
    • Material evolution
    • New manufacturing technologies
    • Complex component designs and functionalities
    • Sustainability
    • Automation
    • Flexibility in manufacturing

  • Competitors

    Competitive landscape/Major competitors:

    • Competitors in the premium market: IMC group (Iscar brand), Kennametal (Kennametal brand)
    • Fragmented in the mid-market including global premium players present with their mid-market brands: Mitsubishi, IMC Group (TaeguTec brand), Kennametal (Widia brand), Zhuzhou
    • Hexagon, Autodesk, Open Mind, Tebis and Dassault System within CAM. A mix of larger competitors and smaller niche players within additive manufacturing and industrial metrology.

More information in the Annual Report

You can read more about business area Sandvik Manufacturing and Machining Solutions in our Annual Report.

Go to the Annual Report