Market-leading positions – the customer’s first choice

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. Strategic and long-term relationships with our customers, combined with a decentralized decision model, enable us to adapt faster to current and future needs.

  • 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. Examples are CDP, EcoVadis and FTSE4Good.
Read more about sustainable business

Revenues by customer segment

  • Mining 41
  • Engineering 23
  • Infrastructure 9
  • Automotive 8
  • Energy 8
  • Aerospace 4
  • Other 7

Revenues by region

  • Europe 34
  • North America 22
  • Asia 20
  • Africa/Middle East 10
  • Australia 9
  • South America 5

Business areas

The Sandvik Group conducts operations in four business areas with responsibility for research and development (R&D), production and sales of their respective products and services.

Read about our business areas in the About us section