Sandvik AB
Type	Public (OMX: SAND)
Founded	1862
Headquarters	Sandviken, Sweden
Key people	Lars Pettersson (President and CEO), Clas Åke Hedström (Chairman of the board)
Industry	Engineering
Products	Tools for metal cutting, mining and construction tools, stainless steel and special alloy products
Revenue	SEK 86,338 million (2007)[1]
Profit	▲ SEK 9,594 million (2007)[1]
Employees	44,420 (2007)[1]
Website	www.sandvik.com

Sandvik is a Swedish company founded in 1862 by Göran Fredrik Göransson in Sandviken. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc OMX AB ( A ktie' b' olaget O ptions' m' äklarna/Helsinki Stock E' x' change is a Swedish - Finnish Financial Year 1862 was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common year starting on Monday Sandviken Municipality ( Sandvikens kommun) is a municipality in Gävleborg County, in east central Sweden. "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Engineering is the Discipline and Profession of applying technical and scientific Knowledge and In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. A corporation is a separate legal entity usually used to conduct business Year 1862 was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common year starting on Monday Sandviken Municipality ( Sandvikens kommun) is a municipality in Gävleborg County, in east central Sweden. It is a high-technology engineering group and a world-leader in tooling, materials technology, mining and construction. It has about 44,000 employees in 130 countries, with annual sales of approximately SEK 86 billion.

Corporate Structure

Sandvik consists of three business areas as following:

• Sandvik Tooling
• Sandvik Material Technology
• Sandvik Mining and Construction

Sandvik 1881

The tooling business area is primarily concerned with the production and development of metal cutting tools. A machine tool is a powered mechanical device typically used to fabricate metal components of machines by Machining, which is the selective removal of metal It is comprised of several brands as a result of Sandvik acquiring other corporations and keeping their brands. Tooling began as Sandvik Coromant and Coromant remains one of Sandvik Tooling's most important brand.

The Materials Technology business area specializes in speciality steels and, to a lesser extent, other special alloys. Materials Science or Materials Engineering is an interdisciplinary field involving the properties of matter and its applications to various areas of Science and Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 An alloy is a Solid solution or Homogeneous mixture of two or more elements, at least one of which is a Metal, which itself has

See also

• List of Swedish companies

References

External links

• Sandvik - Official site