Sandvik
Latest News
Tenaris, Sandvik Materials Technology Ink Five-Year OCTG Agreement
13 October 2021 - Tenaris announced yesterday it is extending its longtime partnership with Sandvik with a new five-year agreement for the supply of oil country tubular goods.
Sandvik Finalizes Summerill Tube Acquisition
14 January 2020 - Sandvik has completed the acquisition of Summerill Tube Corp., the company announced Tuesday.
Sandvik Acquires Stainless Tube Maker
20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.
Sandvik to Carve Out Steel Unit
06 May 2019 - Sweden’s Sandvik AB announced plans Monday to spin off its stainless and specialty alloys division and said it will explore a possible IPO for the standalone business.
Name That Steel, and You Could Win This Valuable Prize
20 September 2018 - SSAB and Sandvik Materials Technology have asked for the research community’s help in developing a way to track steel products as they move through the value chain, from the mill to end product.
Outokumpu Acquires Full Ownership in Joint Venture Mill
16 May 2018 - Finnish stainless producer Outokumpu is buying out its partner in its joint venture wire rod mill and will take full ownership of the facility.
Sandvik Strikes Deal to Sell Tooling Components Manufacturer
08 December 2017 - U.S.-based private equity firm KKR has reached an agreement to acquire Sandvik Hyperion, a manufacturer of industrial tooling components, for about US$472.3 million.
Sandvik Hires a New President, Divests Welding Wire Business
30 October 2017 - Sandvik Materials Technology has named a current executive as its new president, the company said on Monday.
Sandvik Lands Order for Offshore Tube
24 October 2017 - Sweden’s Sandvik has bagged an order for 250 km worth of undersea tubing to connect a development area to an offshore platform.
Sandvik Looks to Exit Welding, Stainless Wire Business
17 May 2017 - Sandvik Materials Technology intends to divest parts of its wire business and is reorganizing the rest of its operations around four product areas, the company has announced.
Swedish Steelmaker Wins Multimillion Order for Umbilical Pipe
11 April 2017 - Sweden’s Sandvik Materials Technology has bagged a SEK400 million (US$44.2 million) exclusive order for stainless umbilical tubes to be used in the offshore Leviathan natural gas field, the company said on Tuesday.
Sandvik to Expand Technical Services Offerings
06 June 2016 - Swedish stainless manufacturer Sandvik Materials Technology is adding a suite of technical services to its business portfolio, hoping to meet demand for testing, inspection and certification services.
Sandvik President and CEO Wins Prestigious Diversity Award
19 March 2015 - Olof Faxander, president and CEO at Sandvik, has been awarded the prestigious Diversity Award - CEO Driving Diversity.
Sandvik Implements Second Phase of Supply Chain Optimization Program
13 March 2015 - As initially communicated in 2013, Sandvik’s supply chain is to be optimized, reducing the number of production units from 150 to about 125 over three to four years.
Sandvik awarded ‘The Best Innovator’ of the year in Czech Republic
16 February 2015 - Sandvik in Chomutov, Czech Republic has been announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic - recognition of the company's way of working with innovation.
Sandvik Awarded Innovator of the Year in Czech Republic
03 February 2015 - Sandvik in Chomutov, Czech Republic, was announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic — a recognition of the company's way of working with innovation.
Sandvik Part of Winning European Consortium for Sustainable Raw Materials Supply
22 December 2014 - Sandvik is part of a pan-European strategic partnership that has been granted the 2014 European Institute of Innovation and Technology (EIT) Call for Knowledge and Innovation Communities (KICs) to boost innovation and tackle health and raw materials challenges in Europe.
Sandvik Focusing on Execution and Growth
21 November 2014 - The key focus of Sandvik’s Capital Markets Day, which was held in the U.S. on Monday, 17 November 2014, was to provide an update on the company’s strategic actions to achieve higher returns, reduced earnings volatility and greater exposure to attractive growth areas.
Sandvik Materials Technology to Divest Power Spring Business in U.S. and Mexico
31 October 2014 - Sandvik Materials Technology is divesting its power spring business in Scranton, U.S., and Nogales, Mexico, to Lesjöfors AB, a subsidiary of Beijer Alma.
Sandvik Names New Head of Investor Relations
13 October 2014 - Ann-Sofie Nordh has been appointed new head of investor relations at Sandvik.
