Sandvik is a world leading, high-tech engineering group that manufactures cemented carbide solutions, construction equipment and tools, furnace products and heating systems, mining equipment and tools, stainless steels, special alloys and titanium, steel belts and processing systems, and tools and tooling systems for metal cutting. The five different aspects Sandvik focuses on are construction, machining solutions, materials technology, mining, and venture.
Sandvik’s mission is to develop, manufacture and market high-tech products and services that facilitate higher customer productivity and profitability. Sandvik wants its products and services to provide maximum value to customers in terms of performance, quality, speed, safety, flexibility and total economy. In addition, Sandvik aims for zero harm to its people, the environment, its customers, and its suppliers.
Sandvik’s customers are typically businesses in the cutting, mining, and construction industries. Approximately 40% of their customers are in the mining industry. These customers use Sandvik’s products to construct or cut large pieces of metal or rock. The customers of Sandik value quality products that will last a long time. Our speaker today mentioned that, compared to competitors, their products are not the cheapest. Yet, he reassured that Sandvik makes the best quality products.
The result of Sandvik is 150 years of successfully developing, manufacturing, and marketing highly processed products that contribute to improving the productivity and profit of its customers. Through all its years in business, there was only a lack of profit from about 2 years, including the year of the recession a few years back. Therefore, the company knows what it’s doing and continues to profit annually. Currently, there are about 49,000 employees and the company is represented in more than 130 countries. The company has values of an open mind, team spirit, and fair play, which result in a productive work environment.
Sandvik’s plan going forward is to emerge in markets that create a stronger global force, energize production flow-groups, re-activate a creative environment, and to increase wealth, innovation, efficiency and growth. Plus, the company aims to keep up ambition, speed and focus while adhering to its mission statement and core values.
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