Sweden

Sandvik merges Business Areas „Mining“ and „Construction“

As from 1 July 2016 Sandvik has merged its operations „Mining“ and „Construction”. Sandvik Mining and Rock Technology is now one of four remaining business areas. According to Sandvik it will be organized in a de-centralized business model with separate product areas. Each product area will have full responsibility and accountability for its respective business.

“Products developed for the customer segments mining and construction are based on common technologies with a similar aftermarket offering. In addition, manufacturing units are already largely shared, with to some extent shared front line resources,” says Björn Rosengren, Sandvik’s President and CEO. By joining the operations into one business area the company aims at achieving a leaner, more efficient structure and faster response to customers.

Lars Engström, former President of Sandvik Mining has been appointed President of the new business area, Sandvik Mining and Rock Technology. Dinggui Gao, President of Sandvik Construction has left the company on 1 July 2016.

The Mining business area with 11 651 employees generated annual sales of around 3 billion euros in 2015; Sandvik Construction achieved annual sales of 935 million euros with 2927 employees. In 2015 the Sandvik group as a whole, with 46 000 employees and subsidiaries in 150 countries, reached annual sales of  9,78 billion euros.

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