Sandvik will merge mining and construction segments into one business area, Sandvik Mining and Rock Technology, which will be organized in a de-centralized business model with separate product areas based on the product offering. Each product area will have full responsibility and accountability for its respective business.
“Products developed for the customer segments mining and construction are based on common technologies with a similar aftermarket offering,” said Björn Rosengren, president and CEO, Sandvik. “In addition, manufacturing units are already largely shared with to some extent, shared front line resources. By joining the operations into one business area, we achieve a leaner and more efficient structure. The de-centralized business model enables an even clearer focus and faster response to our customers.”
The new structure will become effective on July 1 and current President of Sandvik Mining Lars Engström has been appointed president of Sandvik Mining and Rock Technology. Dinggui Gao, president of Sandvik Construction, will leave the company.