Sandvik will merge its operations Sandvik Mining and Sandvik Construction into one business area – Sandvik Mining and Rock Technology.
Sandvik Mining and Rock Technology operations will be organized in a decentralized business model with separate product areas based on the product offering. Each product area will have full responsibility and accountability for its respective business, the company said in a press release.
“Products developed for the customer segments mining and construction are based on common technologies with a similar aftermarket offering. 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 decentralized business model enables an even clearer focus and faster response to our customers,” said Björn Rosengren, Sandvik’s President and chief executive officer.
The new structure will be effective as from July 1, 2016 and Lars Engström, currently President of Sandvik Mining has been appointed President of the new business area, Sandvik Mining and Rock Technology. Dinggui Gao, President of Sandvik Construction will leave the company as of July 1, 2016.