Sandvik

The story begins in 1862 with a Swedish entrepreneur, Göran Fredrik Göransson. He was the first in the world to successfully use the Bessemer method for steel production on an industrial scale, a move that laid the foundation for what would become a global industrial giant. The company, initially known as Högbo Stål & Jernwerks AB, was established in Sandviken, Sweden. From its early days, the company focused on high-quality steel products, and by the 1860s, it was already exporting its goods. A pivotal moment arrived in 1901 when the company, then named Sandvikens Jernverks AB, was listed on the Stockholm Stock Exchange, marking its entry into the public financial markets. This event provided the capital for further expansion and innovation. Over the decades, Sandvik continued to evolve. It ventured into stainless steel in the 1920s and cemented carbide in the 1940s, a material that would become a cornerstone of its business. This expansion wasn't just organic; a series of strategic acquisitions broadened its expertise and market reach, particularly in areas like mining and rock excavation tools. The company officially became Sandvik AB in 1972. A significant recent event in the company's journey was the 2022 separation and public listing of its materials technology division, which is now an independent company named Alleima. This strategic move allowed Sandvik to focus on its core business areas, including mining and rock excavation, rock processing, and metal cutting.