Tag: Sandvik

Sandvik has successfully implemented a new strategy. Presented in September, 2011 the strategy laid out a path toward a strengthened market leadership position. Recent strategic reviews have revealed additional potential for structural improvements in several business areas.

Sandvik has resumed a loan agreement for the second time from The European Investment Bank. The new agreement amounts to EUR250 million and is based on Sandvik’s investments in Research and Development in Europe from 2012 to 2015.

Sandvik’s newly launched CH890 and CH895 are designed to increase performance in both secondary and tertiary/pebble crushing applications. The specially designed, strength-optimized topshell and dedicated

Sandvik’s wire production facility in Sandviken, Sweden has begun its first production runs after a major fire attacked the facility. The fire took place on 14 April and continued on into 15 April 2011, destroying equipment and damaging parts. The pickling plant within the wire production facility was completely destroyed and some of the wire drawing machines were damaged. No one was injured.  After a complete assessment of the damage, work began immediately on decontaminating, cleaning, repairing and, where applicable, replacing the plant.

The Vasa Museum and Sandvik are taking on a critical project to replace 5000 wrought iron bolts on the Swedish heritage vessel. A national treasure, Vasa capsized and sank in 1628 as it prepared for its maiden voyage; it was raised from the bottom of the harbour in 1961 and carefully restored.

Sandvik has launched new Kanthal APMT furnace rollers that significantly outlast rollers made from conventional alloys. Even in temperatures as high as 1250 degrees, rollers made from Kanthal APMT remain straight and rigid, allowing steel mills to increase productivity and quality

Sandvik’s board of directors have appointed Olof Faxander as the new president & CEO of the company, effective 1 February 2011.

Göran Westberg, currently Executive Vice President of Human Resources with Sandvik Materials Technology, has been appointed Senior Vice President Human Resources and member of Group Executive Management at Sandvik AB effective 1

Sandvik’s industrial development at Heatherbrae has received a USD 33 million boost and could employ up to 750 people when fully operational, according to plans that were recently put on public exhibition.

Interviewed during the recent Tube & Wire show, Sandvik's Mr Quadfileg (Marketing Manager Tube Products) discussed how Sandvik used the event to reach out to clients.