Improved business climate helps recovery at Sandvik

May 7, 2014

May 7, 2014

Sandvik AB’s most profitable business area, Sandvik Machining Solutions which includes product areas such as Sandvik Hard Materials, Diamond Innovations, Wolfram, Sandvik Process Systems and Dormer, recorded a 5% gain in invoiced sales in the first quarter of 2014 to SEK 7.4 billion.

Sandvik Materials Technologies, a leading producer of advanced stainless steels, special alloys, titanium and other high-performance materials including high alloy powders and HIPed products, also recorded gains in the quarter with sales increasing by 3% to SEK 3.547 billion.

The business climate for most sectors excluding mining remained strong in the quarter in Europe and North America but remained mixed and challenging in Asia and South America, stated Sandvik. Total group invoiced sales for the quarter amounted to SEK 20.8 billion. Operating profit totalled SEK 2.5 billion, or 11.9% of invoiced sales.

“The process to close a total of seven units has begun under our initiative to optimize our global supply chain and manufacturing footprint. Currency effects negatively impacted first-quarter earnings by 200 million SEK while rising metal prices, nickel in particular, contributed positively,” stated Sandvik’s President and CEO Olof Faxander.

“The negative effects of the downturn in the mining industry and the current weak performance of Sandvik Construction are largely being offset by the improving conditions for and enhanced performance of Sandvik Machining Solutions, Sandvik Materials Technology and Sandvik Venture,” added Faxander. In April Sandvik Machining Solutions closed a tools production unit Piacenza, Italy, and an insert production unit in Featherstone, UK. 


May 7, 2014

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link