Sandvik is a Swedish company founded in 1862 by Göran Fredrik Göransson (sv) in Sandviken. Sandvik is a high-technology engineering group in tools and tooling systems for metal cutting, mining and construction equipment and tools and products in advanced stainless steels and special alloys. Sandvik has about 49,000 employees in 130 countries, with annual sales of approximately SEK 98 billion (2012).
The Sandvik Construction business area offers products, solutions and services for the construction industry. The Sandvik Machining Solutions business area offers products and solutions for cutting primarily in metals. The area operates under such brand names, as Sandvik Coromant, Seco Tools, Walter and Safety. The Sandvik Materials Technology area is specialized in products in advanced metallic and ceramic materials for demanding industries and fields of applications. The business area operates such product groups, as Tube, Strip, Wire and Heating Technology, and Primary Products. The Sandvik Mining area offers products, solutions and services for surface and underground mining. The Sandvik Venture business area is engaged in investments in small companies.