Introduction

Sandvik AB is a Swedish multinational engineering company specializing in metal

cutting, digital and additive manufacturing, mining and construction, stainless and special
steel alloys, and industrial heating. The company was founded in Sweden in 1862. In 2020,
the Sandvik Group had approximately 37,000 employees and revenues of about 86 billion
SEK in more than 160 countries. Europe accounted for 35% of its sales, followed by North
America (22%), Asia (20%), Africa/Middle East (9%), Australia (9%) and South America
(5%).

Göran Fredrik Göransson, founder of Sandvik.

Company Profile

There operations are based on unique expertise in materials technology, extensive

knowledge about industrial processes and close customer cooperation. This combination,
coupled with continuous investments in research and development (R&D), has enabled us to
achieve world-leading positions in the following areas:

• Tools and tooling systems for industrial metal cutting

• Equipment and tools, service and technical solutions for the mining and construction
industries
• Advanced stainless steels and special alloys as well as products for industrial heating

Business areas
Sandvik's operations are grouped into four business areas. Sandvik Manufacturing and
Machining Solutions manufactures tools and tooling systems for metal cutting. Its brands
include Sandvik Coromant, Seco, Dormer Pramet and Walter. It also offers digital and
additive manufacturing.
Sandvik Mining and Rock Solutions supports the mining and construction industries.
Applications include rock drilling, rock cutting, loading and hauling, tunneling and
quarrying. Its brands include Artisan, Inrock and Newtrax.
Sandvik Rock Processing Solutions specializes in rock and mineral processing for the
mining and construction industries, including crushing, screening, breaking and demolition.
Sandvik Materials Technology manufactures stainless steels and special alloys,
including tubular products, bar and strip. It also offers products for industrial heating.

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Sandvik's four business areas

Revenue

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Key facts about Sandvik

Revenues 86 billion SEK (approx.)

Number of employees 37,000 (approx.)

Chairman of the Board Johan Molin

President and CEO Stefan Widing

Investments in R&D 3.4 billion SEK (approx.)

Number of active 6,000 (approx.)

patents
Headquarters Stockholm, Sweden

Founded year 1862

Areas of expertise

Sandvik’s operations are based on unique expertise in materials technology

and extensive insight into industrial processes and applications. This combination has
resulted in proven capabilities to optimize customer productivity.

Having the right combination of academic qualifications and hands-on experience, we

work closely with our customers to jointly discover ways of addressing their challenges. Our
various collaborations with leading research centers and universities worldwide, contribute to
new or further developed technologies for increased customer value.

Sandvik’s brands
Our portfolio covers some of the best-known industrial technology brands.
The list below shows our most prominent brands.

Sandvik
The Sandvik corporate brand covers several offerings and websites:
• Mining and rock excavation technologies
• Rock processing technologies (crushing and screening)
• Stainless steels, special alloys and titanium
• Additive manufacturing solutions
• Metal powder

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 Sandvik Coromant
Metal-cutting and digital
manufacturing technologies

Dormer Pramet
Metal-cutting and digital manufacturing
technologies

Inrock
Horisontal directional rock drilling technologies

Kanthal
Industrial heating technology

Metrologic
Metrology software and services

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 Newtrax
Mining IoT and analytics technologies

Rammer
Breaking and demolition tools

Seco
Metal-cutting and digital manufacturing technologies

Walter
Metal-cutting and digital manufacturing technologies

Wolfram
Tungsten mining, refining and recycling

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History

The company was founded in 1862 by Göran Fredrik Göransson, who was first in
the world to succeed in using the Bessemer method for steel production on an industrial scale.
At an early stage, operations focused on high quality and added value, investments in R&D,
close contact with customers, and exports. This is a strategy that has remained unchanged
through the years.
As early as the 1860s, the product range included drill steel for rock-drilling. The
company's listing on the Stockholm Stock Exchange took place in 1901. The manufacturing
of stainless steel began in 1921 and cemented carbide in 1942. Production of cemented-
carbide tools began in the 1950s in Gimo, Sweden.
In 1972, the company name was changed to Sandvik AB, and in 1984, a new type of
organization was introduced, with a parent company and separate business areas.
The company has continuously developed its offerings, including new technologies. In
addition to organic growth, Sandvik's expansion has also involved a series of company
acquisitions over the years. One example is Tamrock, the Finnish manufacturer of rock-
excavation machinery.

Today, Sandvik's operations are concentrated on the following core areas:

• Tools and tooling systems for industrial metal cutting
• Equipment and tools, service and technical solutions for the mining and construction
industries
• Advanced stainless steels and special alloys as well as products for industrial heating

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Management system

They hold approvals to several management systems, such as ISO 9001. Most of their
major sites with production, services and warehouses are certified according to, for example,
ISO 14001 and OSHAS 18001*. Many of our energy-intensive sites are also certified
according to ISO 50001.
To obtain more information about management system approvals, go to the respective
website for our various products and services.

Group executive management

Sandvik AB's Group Executive Management consists of the following members:

STEFAN WIDING
President and CEO

HENRIK AGER
President of the Sandvik Mining and Rock Solutions business area

JESSICA ALM
Executive Vice President and Head of Group Communications

GÖRAN BJÖRKMAN
President of the Sandvik Materials Technology business area

NADINE CRAUWELS
President of the Sandvik Machining Solutions business area segment

TOMAS ELIASSON
Executive Vice President and Chief Financial Officer

JOHAN KERSTELL
Executive Vice President and Head of Human Resources

ANDERS SVENSSON
President of the Sandvik Rock Processing Solutions business area

ÅSA THUNMAN
Executive Vice President and General Counsel

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Products & services

Sandvik products and services enhance customers' productivity, help ensure workers'
safety and reduce environmental impact. Go to our industry offerings to find out more.

Metal-cutting and digital manufacturing solutions

Metal-cutting tools, tooling systems and digital manufacturing solutions.

Mining and construction equipment and tools

Equipment, tools and technical solutions for the mining and construction industries.

Stainless steels, special alloys and titanium

Tube, strip, wire, powder and a range of other products in special alloys.

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 Additive manufacturing
Materials and services covering the entire additive manufacturing value chain.

Tungsten powder and recycling of tools

Tungsten carbide, metal and oxide in powder form. Recycling of tools.

Furnace products and heating systems

Heating elements, resistance materials and systems for industrial heating.

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Production process

Rock drill steel

Sandvik's rolling mill for rock drill steel for the manufacturing of top-hammer rock drill rods
is the most up-to-date in the world. This unique mill is fully automated and designed
specifically for manufacturing this one product.

After rolling in the billet mill, the rods are turned to avoid decarburization in the final rolling
process. A long, straight center hole is drilled in the drill steel blank and a core is inserted in
the hole before heating the blank. The blanks are hot-rolled into round or hexagon-shaped
drill steel.

A carefully controlled cooling process after rolling guarantees uniform mechanical

properties. The core is removed and, after the finishing operations, the drill steel is ready for
shipment.

The size range is from 19 mm (0.748 in.) hexagon (width across flats) to outside diameter
(OD) 60 mm (2.362 in.) round.

Straightening

The hollow drill steel is straightened after rolling in a roller straightening machine.

Cutting

Cutting of random lengths or cutting into fixed lengths. The hollow drill steel is free
from burrs.

Oiling and plugging

On customer request, hollow drill steel, especially for overseas markets, is oiled and
the holes are plugged as a means of corrosion protection.

Bundling and marking

The hollow drill steel is bundled and each bundle is identified by tagging. The marking
is normally a standard marking, but can also be made according to customer request.

Quality inspection

Sandvik's hollow drill steel is tested according to customers' specifications.

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Company Financials

2017 2018 2019 2020

Revenues, MSEK 90,827 100,072 103,238 86,404
Change, % 11 10 3 –16
of which organic, % 10 11 0 –6
of which structural, % 0 –4 –1 –2
of which currency, % 1 2 4 –9
Operating profit/loss, MSEK 18,073 18,665 13,386 11,216
as % of revenues 19.9 18.6 13.0 13.0
Adjusted operating profit/loss, MSEK 14,613 18,590 19,219 14,563
as % of revenues 16.1 18.6 18.6 16.9
Profit/loss after financial items, MSEK 16,962 17,860 12,150 11,270
as % of revenues 18.7 17.8 11.8 13.0
Consolidated net profit, MSEK 13,212 13,214 8,728 8,753
Shareholders equity, MSEK 48,722 58,120 61,858 65,082
Equity ratio, % 46 49 51 55
Net debt/equity ratio, multiple 0.33 0.20 0.18 0.04
Rate of capital turnover, % 85.1 84.8 85.7 72.5
Cash and cash equivalents, MSEK 12,724 18,089 16,987 23,752
Return on shareholders equity, % 31.5 24.3 14.2 13.6
Return on capital employed, % 23.8 22.7 15.2 13.3
Investments (CAPEX), MSEK 3,580 3,920 4,136 3,198
Cash flow from operations, MSEK 14,752 15,353 17,807 15,414
Cash flow, MSEK 4,571 5,820 –1,050 7,327
Number of employees, 31 December 42,858 41,670 40,235 37,123

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Sustainable Business
Sandvik is committed to using engineering and innovation to make the shift
towards more sustainable business. Integrating sustainability into our business model and
ways of working creates value for all stakeholders: customers, employees, shareholders as
well as society.
We take a holistic approach, including the entire value chain into our sustainability
agenda. Our main contribution to sustainability is through our products and we work together
with our customers and suppliers for more productive, safer and more sustainable solutions.
Sustainability goals
Our 2030 Sustainability Goals in the areas of Climate, Circularity, People and Fair
Play form the basis for our sustainability agenda. It includes the areas we consider most
material and where we can make a difference.

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Conclusion
During this practice of making report on Sandvik Pvt. Limited, We learned how
this company seeks to solve engineering problems and through every action, every day, they
make the shift and advance the world through engineering.
Most appreciating part is they address customers as a king and focus on customers
first choice.

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