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.
30–35%
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.
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.