Sandvik

Sandvik is a Swedish industrial company founded in 1862 by Göran Fredrik Göransson in the town of Sandviken, Sweden. The company is publicly listed on the Stockholm Stock Exchange under the ticker SAND. Sandvik operates across three core business areas: metal-cutting tools and machining technology (Sandvik Machining Solutions), mining and rock-excavation equipment (Sandvik Mining and Rock Solutions), and manufacturing process technology.

Sandvik Machining Solutions, the largest division by revenue, manufactures carbide cutting tools, rotating tools, and metal-cutting instruments used by manufacturers in automotive, aerospace, and medical-device industries. Sandvik Mining and Rock Solutions supplies drilling equipment, underground mining machines, and autonomous vehicles for mine operations. Sandvik has invested significantly in digital and automation capabilities within its mining equipment, including autonomous operation solutions.

Sandvik Coromant is the company's best-known brand, supplying cutting tools directly to manufacturers globally and recognized as one of the largest cutting-tool providers in the world. The broader Sandvik portfolio spans rock-drilling tools, crushing and screening equipment, and software for machining process optimization.

Sandvik's primary competitors in cutting tools include IMC Group (Iscar) — an Israeli-headquartered company owned by Berkshire Hathaway — as well as Kennametal and Walter AG. In mining equipment, Sandvik competes with Epiroc, which was spun off from Atlas Copco in 2018, and with Caterpillar.