The Sandvik Group Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stain...
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The work is pioneering within the industry and it is impressive that, 30 years after the first market launch of oxide-coated inserts, it has been possible to make such a vast improvement to these products.
We need to be flexible and scalable to position ourselves for future growth. We are pleased to announce that Sandvik has signed a 5-year contract with Capgemini to handle the transactional finance rule-based and repeatable processes which will enable us instead to focus on crucial business support.
The size and complexity of the systems and the impressive performance data again demonstrate Sandvik Mining's capability to provide high-tech solutions in the area of continuous mining and materials handling applications
We already have a strong cooperation with CUBEX and since 2009 Sandvik serves as global distributor responsible for sales and service of CUBEX products worldwide. The acquisition is in line with Sandvik’s long-term strategy of continued profitable growth and to deliver increased customer value. CUBEX's knowledge of the ITH drilling method complements Sandvik’s already extensive offering in underground drilling.
Jonas Gustavsson and Petra Einarsson have a track record of improved profitability from Sandvik Materials Technology. Petra Einarsson will leverage the positive momentum generated at the business area. I wish Andreas Evertz the best of luck in his future career. Sandvik Machining Solutions has developed a solid and successful strategy under his leadership. Jonas Gustavsson, with his proven background as a successful leader, will focus on further developing Sandvik Machining Solutions and capitalizing on its growth potential.
I want to express my sincere gratitude for Thomas Schulz’s contributions to Sandvik and wish him the best of luck in his new position.
A year has soon passed since we began the implementation of the new strategy. A great deal of hard work has been done and much has been achieved. In our drive to continuously improve our company, we have identified several additional opportunities. Consequently, decisions have been taken on a number of actions to adjust costs and capacity. None of these measures affect our ability to grow our business in the long term.
This loan extends and evens our debt maturity profile at the same time as it contributes to a further diversification of funding sources, in line with Sandvik’s funding strategy,
With his extensive expertise and proven ability to successfully pursue change projects and structural issues, Tomas Nordahl has the right profile to lead Sandvik Venture. In a research intensive company like Sandvik I believe that it is important to have a person with a solid background within research in the executive management. Olle Wijk is an excellent choice to lead Sandvik’s strategic research and development.
I would also like to take this opportunity to express my deepest gratitude to Anders Thelin, who over a period of 35 years has used his strong and committed leadership skills as the President of various business areas and as a member of Group Executive Management to make a very tangible contribution to Sandvik’s successes.