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It is often said that innovation is a prerequisite for the survival of companies in general, and for companies competing globally in specific. What are the fundamentals behind this statement?
Besides dealing with a global economic downturn, Sandvik in India had to cope with slowing economic growth and inflation in 2012. Still, the outlook is bright.
Sandvik is one of the world's most innovative companies, with more than 8,000 patents and a steady stream of research and development activities. One challenge is to protect the brand and the trademark.
Innovation is strong at Sandvik. In 2012, 200 researchers from all five business areas met and were challenged to imagine innovations that would drive the company's growth.
December 2012: At the international MINExpo trade show in Las Vegas, USA, Sandvik launched several products which introduced new technology to the industry.
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Sandvik is an engineering group in mining and rock excavation, metal-cutting and materials technology.
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