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Innovation and R&D

A man at a desk with a microscope and two monitorsOne 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

Examples of innovations

Below are examples of our innovations. To view lists of rewarded innovations, go to the page for the Wilhelm Haglund medal and Sandvik Innovation Prize.

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 THB550B battery-electric truck

Sandvik Coromant innovations

Sandvik Coromant is continuously contributing to the manufacturing industry with innovations in the areas of metal cutting and digital machining.

Sandvik Coromant innovations

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.

3D-printed cemented carbide

Sandvik QI353 mobile impact crusher

A digitally connected impact crusher engineered for high uptime, lower operational costs and increased efficiency.

Sandvik QI353 mobile impact crusher

Explore our stories

The global economy runs on approximately 20 percent electricity.
Innovation

Jun 12, 2024 11:07 AM CEST

Transforming industries through electrification

The electrification of society is a key element to combatting global warming and encompasses our daily lives in multifaceted ways.
Transforming industries through electrification
Digitalization, Innovation

May 29, 2024 10:24 AM CEST

A party outside the ordinary

Software and digital solutions will account for an increasing share of Sandvik's revenues in the future. The online event DISCO Days aims to boost digital knowledge and expertise, and you are invited to the party.
A party outside the ordinary
People, Innovation

Apr 29, 2024 4:36 PM CEST

Innovation and sustainability awarded

A Down-The-Hole drill rig that opened a new market for Sandvik was awarded the “Wilhelm Haglund Medal to the Product Developer of the Year” in connection with the 2024 General Meeting in April. The “Sustainability Award in Memory of Sigrid Göransson” went to the team behind a customer recycling program for used cemented carbide tools.
Innovation and sustainability awarded

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