Sandvik (OTCMKTS:SDVKY) (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.
Sandvik's core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components. Its machining solutions include cutting tools, tooling systems and digital machining solutions for industries such as aerospace, automotive and general manufacturing. In mining and rock technology, Sandvik produces equipment and tools for drilling, crushing, loading and material handling, as well as equipment and services that support productivity and safety in mining operations. The company also develops and supplies specialty alloys, stainless steel products and engineered components used in demanding industrial applications.
Sandvik operates globally across Europe, the Americas, Asia and other regions, supporting customers through manufacturing sites, engineering centers and a global service network. The company has placed strategic emphasis on product innovation, digitalization and automation to improve productivity and sustainability for its customers. Sandvik's executive leadership has been led by President and CEO Stefan Widing, and the firm is governed by a board and management team focused on long-term industrial technology development and aftermarket service growth.
