Sandvik is merging Sandvik Mining and Sandvik Construction into one business called Sandvik Mining and Rock Technology.
The new structure takes effect July 1 with current Sandvik Mining president Lars Engstrom as president of Sandvik Mining and Rock Technology.
The newly merged business is to have a decentralized business organization with different product areas each with responsibility and accountability for its respective business.
“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,” said Björn Rosengren, chioef executive, Sandvik.
“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,” Sandvik Construction president Dinggui Gao will be leaving the company on July 1 when the new organization goes into effect.