Sandvik Materials Technology to separate from the Sandvik Group

News
May 8, 2019

May 8, 2019

Sandvik AB, Stockholm, Sweden, is to initiate an internal separation of its business division Sandvik Materials Technology. The decision was made by Sandvik’s Board of Directors with the reported aim of increasing the structural independence of Sandvik Materials Technology from the Sandvik Group. It is expected that this will put a significant focus on the business’ future development possibilities, as well as creating flexibility.

According to the company, the separation is expected to take at least a year, with no guarantee whether a decision to list Sandvik Materials Technology at the Nasdaq Stockholm Exchange will be taken. “The decision to initiate an internal separation of Sandvik Materials Technology is based on the board’s belief that each part will develop more favorably by itself, increasing opportunities for profitable growth and improving long-term shareholder value,” stated Johan Molin, Chairman of the Sandvik Board of Directors.

“Sandvik Materials Technology represents the origin of Sandvik and great businesses have sprung out of it to shape the current structure. It is my view that a separation will allow full focus on Sandvik Materials Technology’s key strengths and its further improved performance,” commented Björn Rosengren, President and CEO of Sandvik.

www.home.sandvik

News
May 8, 2019

In the latest issue of PM Review…

Download PDF

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

  • Powder Metallurgy: Discover innovative technologies meeting the demands of vehicle electrification
  • Gevorkyan a.s.: Europe’s fast-growing Powder Metallurgy company achieving success through a diversified customer base
  • Powder Metallurgy in Asia: A status update from the World PM2024 Congress, Yokohama

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