Sandvik is changing the organizational structure within its Sandvik Specialty Steels business area with effect from 1 January 2003. In line with the ongoing shift in the business area’s focus, it has also been decided to change name to Sandvik Materials Technology. The business area, with about 8000 employees and annual sales of approximately SEK 14,500 million, specialises in advanced metals, special alloys, metallic and ceramic resistance materials as well as process plants based on steel conveyor belts, and sorting systems. Peter Gossas, currently president of Sandvik Steel, has been appointed president of the business area and will become a member of Group Executive Management as of the above date Sandvik Materials Technology comprises five business sectors: Tube, Strip, Wire, Kanthal and Process Systems. With the establishment of the new organisation, the Sandvik Steel business sector ceases to exist.
