Sandvik

Sandvik AB is a Swedish multinational engineering company specializing in products and services for mining, rock excavation, rock drilling, rock processing (crushing and screening), metal cutting and machining. The company was founded in Gävleborg County, Sweden, in 1862. In 2022, it had approximately 40,500 employees and a revenue of 112 billion SEK, with sales in around 150 countries. History 1800s The company was founded by Göran Fredrik Göransson, who was an early user of the Bessemer process. In 1857, he acquired rights to use the patented process and initially applied it in a blast furnace at Edsken, Hofors Municipality. There, he became the first user of the process to achieve technically and commercially acceptable results. However, production at sufficient scale was not possible in the initial location. This prompted the foundation, in 1862, of a new company, Högbo Stål & Jernverks AB, in a place that developed into the town of Sandviken. Already in the 1860s, the company was exporting its products. The United Kingdom, Germany, France and Russia were important markets. In 1868, the company was reorganized as Sandvikens Jernverks AB (the Sandviken Ironworks). The Sandvik brand name was first used by the company at the Centennial International Exhibition of 1876 in Philadelphia. The following year, sales to the United States began.