Global No. 1 or 2

We are a global leader in cutting tools, mining equipment and specialized high alloy steel based on leading materials and applications know-how for improved productivity. We thrive on close and long strategic customer relationships enabling an in-depth understanding of their needs and challenges.

  • The No. 1–2 supplier in most of our businesses.
  • High barriers to entry from leading technology position, capital intensity and materials know-how.
  • We spend about 4% of annual revenues on R&D to secure a leading product offering.
  • Productivity offering supports value-based pricing.
  • We work close to our customers in strategic and long-term relationships enabling an understanding of their current and future needs.

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Boosting sustainability while increasing performance

We provide customers with products and services that boost their sustainability, for example by improving safety and reducing environmental impact, whilst increasing performance. Some examples being:

  • Reduced waste through high-precision cutting tools designed for specific applications as well as additive manufacturing.
  • Recycling of raw materials through buy-back programs of used inserts.
  • Lower fuel consumption through high-technology mining equipment, including zero CO2 emission through electric mining equipment; electrical vehicles (EV) and battery electric vehicles (BEV).

Indices and international commitments

We are included in several sustainability indices – an important recognition of our efforts in the area of sustainable business.

Read more about our sustainable business

Revenues by customer segment*

  • Mining 37
  • Engineering 21
  • Energy 12
  • Automotive 11
  • Construction 8
  • Aerospace 7
  • Other 4

Revenues by market area*

  • Europe 37
  • North America 23
  • Asia 19
  • Africa/Middle East 9
  • Australia 7
  • South America 5

Business areas

Sandvik Machining Solutions

A 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. The business area also comprises the areas of additive manufacturing and digital manufacturing.

Sandvik Mining and Rock Technology

A leading supplier in equipment and tools, service and technical solutions for the mining and construction industries. Application areas include rock drilling, rock cutting, crushing and screening, loading and hauling, tunneling, quarrying and breaking and demolition.

Sandvik Materials Technology

A world-leading manufacturer of advanced stainless steels and special alloys for the most demanding industries. The offering covers a large variety of product forms, such as tube, pipe, bar and strip steel as well as products for industrial heating.