Sandvik Machining Solutions
A global market-leading manufacturer of tools and tooling systems for advanced industrial metal cutting. Products are manufactured in cemented carbide and other hard materials such as diamond, cubic boron nitride and special ceramics. Focus is on increasing customer productivity by providing products, solutions and applications know-how. The products are sold under well-established brands such as Sandvik Coromant, Seco, Walter, Pramet, Dormer and Carboloy.
Customers operate in the general engineering, aerospace and automotive industries, the energy sector, as well as the electronics and medical technology industries. In 2014, the global market for metal-cutting tools was estimated to approximately 160 billion SEK. The average annual growth is expected to be 4–5% in the long term.
Year in brief
- Growth in key segments
- Strong cash flow
- Optimization of supply chain; two units closed