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
Water is a vital, but scarce resource in South Africa and with decreasing water quality and available freshwater resources almost fully-utilised, industry is compelled to make careful water management a priority. Leading environmental solutions company I-CAT...
The ILWU has escalated its efforts against ICTSI Oregon, Inc. as of late, far beyond what other West Coast ports are experiencing. During the busy 2014 holiday season, ILWU engaged in approximately 36 work stoppages and slowdowns of various types and for varying...
Trimble® SPS356 DGNSS Beacon Receiver specifically designed for marine construction. This affordable, dedicated marine receiver allows contractors to achieve sub-meter accuracy using DGNSS or MSK Beacon station corrections for robust, multi-constellation positioning....
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
This Week's Magazine
The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.