Sandvik invests in Sandviken, Sweden, and Langfang, China
Sandvik has decided to invest approximately 23,5 Million Euro in Sandvik Coromant. The investment relates to a new prototype workshop for cemented-carbide tools and a new Productivity and Application Center in Sandviken, Sweden, in addition to a new Application Center at the existing production unit in Langfang, China.
"The investments represent part of our future strategy to ensure that the most efficient applications and training methods are used in our operations," says Klas Forsström, President of Sandvik Coromant.
Sandvik Coromant, which is included in the Sandvik Machining Solutions business area, is a world-leading supplier of tools, tooling systems, service and expertise in the area of metal cutting. Through comprehensive investments in research and development, unique innovations are created and new productivity standards are established in collaboration with global customers in the automotive, energy and aerospace industries, among others.
Sandvik Coromant has approximately 8,000 employees worldwide. Its head office, and some manufacturing, is located in Sandviken, Sweden, where slightly more than 600 people work.
Sandvik Coromant conducts a broad-based global training program. Through 26 productivity centers and a number of training units, customers, employees and partners from across the globe can learn about the latest in the area of metal cutting and cemented-carbide tools, and how these tools can be used by customers to achieve optimal results. The operation includes about 30,000 training places each year throughout the world.
Sandvik Coromant currently has eight Application Centers globally and each unit is focused on a specific industry, such as the automotive, aerospace or energy sectors. Work is performed in close collaboration with customers and partners with the aim of developing productivity-enhancing applications for machining operations.
Further information can be obtained from President Klas Forsström, tel: +46 26 26 69 90.
About Sandvik Coromant
Sandvik Coromant is a global leading supplier of cutting tools, tooling solutions and know-how to the metalworking industry. With extensive investments in research and development we create unique innovations and set new productivity standards together with our customers. These include the world's major automotive, aerospace and energy industries. Sandvik Coromant has 8000 employees and is represented in 130 countries. We are part of the business area Sandvik Machining Solutions within the global industrial group Sandvik.
For more information visit the website at www.sandvik.coromant.com.
– End –
Please consider the environment before printing this press release. Ref: SAN579A