Sandvik has decided to invest approximately 200 MSEK in Sandvik Coromant. The investment relates to a new prototype workshop for cemented-carbide tools and a new Productivity and Application Center in Sandviken, Sweden, in addition to a new Application Center at the existing production unit in Langfang, China.
"The investments represent part of our future strategy to ensure that the most efficient applications and training methods are used in our operations," says Klas Forsström, President of Sandvik Coromant.
Sandvik Coromant, which is included in the Sandvik Machining Solutions business area, is a world-leading supplier of tools, tooling systems, service and expertise in the area of metal cutting. Through comprehensive investments in research and development, unique innovations are created and new productivity standards are established in collaboration with global customers in the automotive, energy and aerospace industries, among others.
Sandvik Coromant has approximately 8,000 employees worldwide. Its head office, and some manufacturing, is located in Sandviken, Sweden, where slightly more than 600 people work.
Sandvik Coromant conducts a broad-based global training program. Through 26 productivity centers and a number of training units, customers, employees and partners from across the globe can learn about the latest in the area of metal cutting and cemented-carbide tools, and how these tools can be used by customers to achieve optimal results. The operation includes about 30,000 training places each year throughout the world.
Sandvik Coromant currently has eight Application Centers globally and each unit is focused on a specific industry, such as the automotive, aerospace or energy sectors. Work is performed in close collaboration with customers and partners with the aim of developing productivity-enhancing applications for machining operations.
Sandviken, 17 September 2012