Sandvik

For the village in the Faroe Islands, see Sandvík.
Sandvik AB
Company typePublicly traded aktiebolag
Nasdaq Stockholm: SAND
ISINSE0000667891
US8002122013 Edit this on Wikidata
IndustryEngineering
Founded1862; 162 years ago (1862)
FounderGöran Fredrik Göransson
HeadquartersStockholm, Sweden
Key people
ProductsEquipment and systems for mining, excavation, drilling, rock processing, metal cutting and machining
RevenueIncrease 126.503 billion kr[1] (2023)
Increase 22.418 billion kr[1] (2023)
Increase 15.301 billion kr[1]
Total assetsDecrease 174.210 billion kr[1] (2023)
Total equityIncrease 87.697 billion kr[1] (2023)
Number of employees
40,877 (full-time equivalent)[1] (2023)
Websitehome.sandvik

Sandvik AB is a Swedish multinational engineering company specializing in products and services for mining, rock excavation, rock drilling, rock processing (crushing and screening), metal cutting and machining. The company was founded in Gävleborg County, Sweden, in 1862. In 2023, it had approximately 41,000 employees and a revenue of 127 billion SEK, with sales in around 170 countries.[2][3][4]

LH 517 loader from Sandvik
Göran Fredrik Göransson, founder of Sandvik
Ruins of the blast furnace at Edsken, Hofors Municipality, with a half-size replica of a Bessemer converter
LH 514 loader from Sandvik
TH 545i dump truck from Sandvik
"AB Sandvik Hard Materials", wall sculpture on Sandvik's property in Västberga industrial area
  1. ^ a b c d e f "Annual Report 2023" (PDF). Sandvik. 2024. Retrieved 28 March 2024.
  2. ^ Cite error: The named reference IR2022Q4 was invoked but never defined (see the help page).
  3. ^ "Annual report 2021" (PDF). Sandvik. 2022. Retrieved 22 February 2023.
  4. ^ "Sandvik at a glance". Sandvik. Retrieved 22 February 2023.