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Sandvik Group

Sandvik Mining and Rock Solutions

Business area Sandvik Mining and Rock Solutions is a global leading supplier in equipment and tools, parts, service and technical solutions for the mining and infrastructure industries. Applications include rock drilling, rock cutting, loading and hauling, tunneling and quarrying.

The focus lies on bringing value to customers through high-performing products that increase productivity and safety as well as to provide services and flexible maintenance programs that extend uptime and cut costs.

A fast-growing part of the business area's offering is solutions for automation and remote monitoring of equipment, which increases operational efficiency and process reliability. The mine automation systems cover all aspects of automation, from single equipment to full fleet control.

Business area President: Mats Eriksson

Key figures 2022

Revenues
56,843 million SEK
Adjusted operating profit (EBITA)
11,643 million SEK
Employees
16,206

  • Divisions

    • Underground Drilling
    • Load and Haul
    • Surface Drilling
    • Rotary Drilling
    • Mechanical Cutting
    • Rock Tools
    • Ground Support
    • Digital Mining Technologies
    • Parts and Services

  • Demand drivers

    Mining

    • GDP growth rate and resource-intensive industry development
    • A growing middle class
    • Metal and mineral prices
    • Electrification
    • Production levels in existing mines and expansion projects (greenfield and brownfield)
    • Productivity improvements and new technology, for example automation and electrification
    • Demand in the areas of environment, health and safety

    Infrastructure

    • GDP growth/urbanization
    • Infrastructure investments and spending
    • Government stimulus programs
    • Aggregates production
    • Cement consumption

  • Competitors

    Competitive landscape/Major competitors:

    Mining

    Mainly global competitors such as Epiroc, Caterpillar and Komatsu Mining.

    Infrastructure

    Some global competitors present in several niches: Epiroc, Caterpillar and Furukawa. Many local players.

More information in the Annual Report

You can read more about business area Sandvik Mining and Rock Solutions in our Annual Report.

Go to the Annual Report