Sandvik AB (publ)
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- Sandvik AB (publ) (SDVKY) is a Sweden-based engineering group that develops, manufactures, and sells advanced metal-cutting tools, mining and rock excavation equipment, and construction materials and tools. The company operates through three main business areas: Sandvik Machining Solutions, which offers metal-cutting systems including milling tools, turning tools, drills, and software under brands such as Sandvik Coromant, Sandvik Walter, and Sandvik Seco; Sandvik Mining and Rock Solutions, providing rock drilling equipment, underground loader trucks, crusher systems, and automation solutions for mining, tunneling, and construction; and Sandvik Materials Technology, supplying advanced stainless steels, special alloys, and titanium tubes for demanding industries like aerospace, energy, and chemical processing. Sandvik serves a global customer base across manufacturing, mining, infrastructure, and energy sectors, with operations in more than 150 countries and production facilities in approximately 50 locations worldwide. Founded in 1862 and headquartered in Stockholm, Sweden, Sandvik maintains a diversified portfolio with a focus on sustainable innovation and digital solutions such as AutoMine and MySandvik digital platform for predictive maintenance and optimization. In recent developments, the company completed the divestiture of its stainless steel wire operations to Bekaert in 2024, strengthening its core focus on high-growth areas; launched new AI-enabled machining tools and battery-powered underground equipment in 2025 to support electrification trends in mining; and formed strategic partnerships, including with Epiroc for collaborative rock tools development and with tech firms for advanced automation integrations. Additionally, Sandvik announced expansions in additive manufacturing capabilities through its Sandvik Additive Solutions division and secured major contracts for sustainable mining solutions in Australia and North America amid rising demand for green technologies. The company continues to invest in R&D, with recent funding allocated to hydrogen-compatible materials and circular economy initiatives.
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