Sandvik Merges Mining, Construction Sectors
New Business Area Named Sandvik Mining and Rock Technology
Sandvik is merging Sandvik Mining and Sandvik Construction into one business area — Sandvik Mining and Rock Technology.
Sandvik Mining and Rock Technology operations will be organized in a de-centralized business model with separate product areas based on the product offering. Each product area will have full responsibility and accountability for its respective business.
"Products developed for the customer segments mining and construction are based on common technologies with a similar aftermarket offering. In addition, manufacturing units are already largely shared with to some extent shared front line resources. By joining the operations into one business area we achieve a leaner and more efficient structure. The decentralized business model enables an even clearer focus and faster response to our customers," says Björn Rosengren, Sandvik´s president and CEO.
The new structure will be effective July 1 and Lars Engström, current president of Sandvik Mining, has been appointed president of the new Sandvik Mining and Rock Technology. Dinggui Gao, president of Sandvik Construction, will leave the company July 1.
“I would like to take the opportunity to thank Dinggui Gao for his dedicated work in supporting the merger of the new organization. I would like to express my appreciation for his work to drive Sandvik Construction, resulting in documented improvements. I wish him all the best in his future career,” Rosengren says.
Sandvik is a high-tech and global engineering group offering advanced products and services that enhance customer productivity, profitability and safety. The group specializes in tools for the mining and construction industries, among other things. In 2014 the Group had about 47,000 employees and representation in approximately 130 countries. To learn more, go to www.sandvik.com.