Sandvik AB engages in the development, manufacture and sale of tools, equipment and tooling systems for the mining and construction industries. It operates through the following segments: Sandvik Mining and Rock Solutions, Sandvik Manufacturing and Machining Solutions, Sandvik Materials Technology and Sandvik Rock Processing Solutions. The Sandvik Mining and Rock Technology segment supplies equipment and tools, service, and technical solutions for the mining and construction industries. The Sandvik Machining Solutions segment manufactures and sells tools and tooling systems for industrial metal cutting. The Sandvik Materials Technology segment produces stainless steels and special alloys such as tube, pipe, wire, strip and metal powder. The Sandvik Rock Processing Solutions segment distributes drilling solutions focusing on drill bits and downhole products for construction and completion. The company was founded by Göran Fredrik Göransson in 1862 and is headquartered in Stockholm, Sweden.
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