Innovation and R&D
One of our targets for 2025 is that we will have a New Sales Ratio of 30–35 percent, defined as share of sales of products younger than 5 years.
Our innovations have a significant impact on vital processes in industries like mining, infrastructure, aerospace and automotive. Sandvik technologies for metal cutting and rock excavation, for example, have helped customers enhance productivity for decades.
Today, we have ongoing R&D programs in several areas. Examples are:
- Mining automation and electrification
- Energy-efficient crushing and screening
- Digital manufacturing
To reach our sustainability goals we have, for example, defined improved resource efficiency and reduced CO2 emissions to be part of all R&D projects. We have also created an ideas hub where all employees can easily contribute with their ideas and innovations.
New Sales Ratio target för 2025
Each year Sandvik awards two prizes to employees to stimulate and reward significant efforts in industrial innovation. These prizes are the Haglund Medal and the Sandvik Innovation Prize.
Examples of innovations
Sandvik THB550B battery-electric truck
This 50-ton payload capacity truck improves productivity, creates a better work environment and reduces ventilation costs in underground mining.
Sandvik Coromant innovations
Sandvik Coromant is continuously contributing to the manufacturing industry with innovations in the areas of metal cutting and digital machining.
3D-printed cemented carbide
Based on a powder attained through a proprietary process, we can provide 3D-printed cemented carbide components on a commercial scale.
Sandvik QI353 mobile impact crusher
A digitally connected impact crusher engineered for high uptime, lower operational costs and increased efficiency.