Sandvik Group to set up global R&D center in India

Sandvik, global industrial group with world-leading specialized advanced engineering products and services, has announced the set-up of a Group R&D Center in India.

The R&D Center will be located in Pune which is already a major Sandvik site with operations in production, R&D, design and engineering. In the next four years Sandvik plans to ramp up the R&D team to a group of 90-100 engineers and scientists and make significant investments in facilities.

The strategic investment in the Group R&D facility in Pune reflects the importance of the region for business development and innovation within Sandvik. The new set-up will complement and support existing R&D units locally and globally, focusing on material and process engineering for present and future business. The new R&D center will strengthen Sandvik’s R&D presence in the region to support customers, participate in the technical developments and attract new talents.

Commenting on this initiative, Dr. Olle Wijk, Senior Vice President and Head of Sandvik’s Global R&D said, “There is a tremendous development of technical and R&D capabilities in India. Utilizing this expertise means great opportunities for Sandvik, as R&D is an enabler for business development. We are initially especially interested in computational simulation competence, where we already have a good team in Pune. The Group R&D Center India will enable us to develop new technical concepts and opportunities that will benefit both global and local growth.”

A Steering Committee is being formalized under the Chairmanship of Dr. Olle Wijk, co-chaired by Mr. Holger Wiklund, Acting Country Manager, Sandvik Asia Pvt. Ltd.

Pune, 5 February 2014

Sandvik Asia Pvt. Ltd.

For further information, contact: Prabhat Bhattacharya , Vice President, Corporate Communications, Sandvik Asia Pvt. Ltd., Tel: +91 8408 880368, prabhat.bhattacharya@sandvik.com

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