Mar 09, 2012
Company Announcement: Sandvik Celebrates 150 Years of Global BusinessBack
Construction|Engineering|Expertise|Sandviken|Africa|Atlas Copco|Environment|Industrial|Mining|Safety|Sandvik|Sandvik Construction|Sandvik Jernverk AB|Sandvik Machining Solutions|Sandvik Material Technology|Sandvik Venture|Africa|South America|Britain|Denmark|France|Germany|Nigeria|Norway|Russia|South Africa|Sweden|SEK|Sandvik Plant|Equipment|Industrial|Products|Services|Solutions|Steel|Steel Producer|Alice Ward|Goran Fredrik Goransson|Olof Faxander|Operations|Middle East
Sandvik was founded in Sandviken, Sweden, in 1862 by Goran Fredrik Goransson (1819 - 1900). The company was originally a steel producer named Sandvik Jernverk AB. Even in the early stages of its development, the company tended to be innovative – Sandvik plant was the first to employ H. Bessemer’s method of melting high quality steel that significantly increased output.
The company grew rapidly and by the end of the 1860’s opened international offices in Britain, Germany, Denmark, Norway, Russia and France. Today Sandvik is an industrial group with advanced products and world-leading positions. At the end of 2011 the Group employed about 50 000 people and had offices in 130 countries, with annual sales of more than SEK 94-billion. Sandvik continues to evolve and adapt to the constantly changing market.
Sandvik Jernverk entered Africa through the development of rock drills and its partnership with Atlas Copco in the 1940s. A production facility was established in South Africa as early as 1948. The company established operations in the then South Rhodesia in 1963 and almost concurrently in the then North Rhodesia. Sandvik has also expanded considerably in Nigeria and, by the beginning of 2010, operations in its Africa/Middle East region were larger than those in South America. The market segment’s sales accounted for 10% of the group’s invoiced sales.
New business strategy
On January 01, 2012 the group adopted a new business strategy in which three business areas were expanded to five — Sandvik Mining, Sandvik Machining Solutions, Sandvik Material Technology, Sandvik Construction and Sandvik Venture.
Group President and CEO Olof Faxander says, “It is essential that we adopt strategies to meet a rapidly changing global market, where the ability to act and react fast is crucial for long-term success. The new organisation means a clear and strong focus on four business areas where our targets are both market leadership and world-class profitability”.
“Our employees — our closest contact to the market and the customer — will be given more responsibility and freedom to act within a new, simplified organisational structure. This will not only serve to empower our people, but also increase the speed of decision-making within the organisation.
“A strengthened people strategy includes a focus on safety, diversity and inclusion, empowered employees, a culture of innovation, talent management and the development of excellent leaders,” he continues. “For me personally, providing a safe working environment and putting safety first, is the number one priority. Zero work-related injuries in my foremost goal.
“In order to become a truly reliable partner for its customers for over 150 years Sandvik has developed and continually improved its equipment and client services. Our business model stands on Sandvik unique knowledge in the field of mining, metal processing and other materials. The new strategy will further strengthen the company's core competences and attractiveness to customers, shareholders and employees alike.”
Alice Ward, Sandvik marketing communications manager – Africa, adds: “Sandvik has always worked with the most advanced technology of its time. The group’s cluster of expertise has grown stronger over the decades and today we have patents, drawings and expertise pertaining to hundreds of thousands of advanced products in alloyed steel, titanium, cemented carbide and ceramics. It’s this core expertise in metals and materials that is the root of our global success”.
“A combination of materials know-how, process engineering and quality control has propelled Sandvik into a leading position in several areas. Few, if any other company in the world, can boast such a broad, accumulated knowledge of tools and equipment and how to put them to best practical use,” she says.
To mark its 150 year milestone anniversary, Sandvik has published a commemorative book entitled, “The Sandvik Journey — the first 150 years”.Comment Guidelines (150 word limit)
Other Announcements News
After the successful launch in 2014 of the Kurdistan office, global energy recruiter Worldwide Recruitment Solutions have now launched their Asia hub Singapore office. This is a strategic move by the business in order to service their clients’ needs within the APAC...
SMC Corporation Japan, the world leaders in pneumatics and industrial automation component technology, today announced a significant expansion of its global operations with the opening of a new subsidiary in Johannesburg, South Africa. The creation of SMC Pneumatics...
Trimble announced today that a SITECH® Technology Dealer has been established in New Zealand. SITECH New Zealand joins the premier network of SITECH dealerships—the first fully dedicated global distribution network offering the most comprehensive portfolio of...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.