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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

Sustainability-driving innovations

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

Innovation prizes

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.

Read more about our innovation prizes

Innovation stories

In the stories section, you find several examples of how our culture of innovation contributes to enhancing our customers' productivity, profitability and sustainability.

View our innovation stories

Examples of innovations

Below are examples of our innovations. To view a list of rewarded innovations, go to the page for the Wilhelm Haglund medal.

Sandvik THB550B battery-electric truck

Sandvik Coromant innovations

3D-printed cemented carbide