Mar 09, 2012
Company Announcement: Sandvik Celebrates 150 Years of Global BusinessBack
Construction|Engineering|Expertise|Sandviken|Africa|Atlas Copco|Industrial|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|Mining|Products|Services|Steel|Steel Producer|Alice Ward|Goran Fredrik Goransson|Olof Faxander|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
There are currently 969 190 registered domain names ending in .za, South Africa's designation in cyberspace, and the country is set to reach the one million mark in the first quarter of 2015. That's according to Lucky Masilela, CEO of the ZA Central Registry, who was...
Company Annoucement - In a fast-changing environment with new applications daily and a surge of data to manage, CIOs are looking to software defined networking to give them a competitive advantage, says Networks Unlimited. In today’s fast-evolving IT environment, the...
To drive success in this new landscape, businesses need to turn distance and location into a competitive advantage by ensuring flawless application performance and the best user experience, regardless of location. In order to keep up with this new fluid environment,...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...