Sandvik Merges Operations
16 March 2016
The Sandvik Group, Sandviken, Sweden, said will merge its Sandvik Mining and Sandvik Construction operations into one business area – Sandvik Mining and Rock Technology.
Sandvik said the new 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, 2016 and Lars Engström, currently president of Sandvik Mining has been appointed president of the new business unit. Dinggui Gao, president of Sandvik Construction will leave the company July 1, 2016.