Sandvik Machining Solutions

Offering

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.

Market

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

Invoiced sales*

  • Invoiced sales34
  • 66

34% 30,856 MSEK

Operating profit**

  • Operating profit 54
  • 46

54% 6,159 MSEK

Number of employees***

18,927

* Share of the Group's total invoiced sales.
** Share of the Group's total operating profit, excluding Group activities.
*** Restated to Full Time Equivalents (FTEs) at 31 December 2014. 2,773 employees are involved in Group activities and are thus not employed in any of the business areas.

Read more about Sandvik's business areas in the Report of the Directors.