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Sandvik announces new rock processing business

 

Sandvik will in 2021 launch a new rock processing solutions business area, which will replace the current crushing and screening division.

In a statement, Sandvik president and chief executive officer Stefan Widing explained the structural change is to further accelerate Sandvik’s profitable growth in rock processing, based on the crushing and screening division addressing multiple parts of the value chain and facing different competition to its other business areas.

“Sandvik is market leading within rock processing and our Crushing and Screening Division is a well performing business with exciting growth opportunities,” Widing said.

“The business is today already operating quite independently from the rest of Sandvik Mining and Rock Technology, with its own manufacturing, sourcing and aftermarket [solutions].

“By establishing Rock Processing Solutions as a business area, we will improve transparency and strengthen our growth ambitions within the area.”

Sandvik’s crushing and screening business division had SEK7.4 billion ($AUD1.1 billion) in sales and 2000 employees in 2019.

The company has appointed Sandvik Crushing and Screening Division president Anders Svensson as president of Sandvik Rock Processing Solutions.

Svensson will also be a member of the company’s executive management at the start of 2021 after originally joining the company in 2008.

Sandvik Rock Processing Solutions will launch on 1 January, 2021.