http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.11Change: 0.00
R/$ = 11.92Change: -0.05
Au 1204.85 $/ozChange: -1.22
Pt 1147.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 09, 2012

Company Announcement: Sandvik Celebrates 150 Years of Global Business

Back
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
Construction|Engineering|Expertise||Africa|Atlas Copco|Environment|Industrial|Mining|Safety||Africa|||||Equipment|Products|Services|Solutions|Steel|||Operations|
construction|engineering|expertise|sandviken|africa-company|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-industry-term|products|services|solutions|steel|steel-producer|alice-ward|goran-fredrik-goransson|olof-faxander|operations|middle-east
Download PDF
Sandvik Celebrates 150 Years of Global Business (0.05 MB)
 

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.

Africa

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.”

Advanced technology

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
Updated 1 hour 16 minutes ago ABB, the leading Power and Automation Group, has partnered with the City of Cape Town to ensure the supply of reliable  electricity through the installation of its most eco-efficient disconnecting circuit breakers in its product portfolio - the next generation LTA...
Updated 1 hour 46 minutes ago WorleyParsons, one of South Africa’s largest engineering contractors, launched its new global advisory business, Advisian, into its local South African structure in October 2014. Advisian provides high-level strategic and management consulting services and has been...
Updated 1 hour 49 minutes ago The development of an innovative, rolling bearing rating life model leads to a deeper insight into how to improve the field performance of bearing applications. SKF has launched a pioneering new model that will help engineers to calculate a more realistic bearing...
More
 
 
Latest News
Updated 48 minutes ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has launched a High Court application against financial services provider Sasfin Bank. The JSE-listed company on Monday said that, in the application, which was submitted to the...
Chris Griffith
Updated 56 minutes ago Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith...
Updated 1 hour 21 minutes ago Severe fuel shortages in Nigeria hit the services of Africa's largest mobile telecoms operator, MTN, on Monday and forced Guaranty Trust Bank to close its branches nationwide at lunchtime, the companies said. "Services are already degraded and some of our customers...
More
 
 
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
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96