The Sandvik Group announced that it has established a new business area, Sandvik Rock Processing Solutions (SRP), with effect from 1 January 2021. It will consist of the current Crushing and Screening division, which is today part of the Sandvik Mining and Rock Technology business area.
According to Sandvik, this structural change is to further accelerate profitable growth within rock processing, based on Crushing and Screening addressing separate parts of the value chain and facing different competition to the other Sandvik Mining and Rock Technology divisions.
“Sandvik is market leading within rock processing and our Crushing and Screening division is a well-performing business with exciting growth opportunities. The business is today already operating quite independently from the rest of Sandvik Mining and Rock Technology, with its own manufacturing, sourcing and aftermarket. By establishing Rock Processing Solutions as a business area, we will improve transparency and strengthen our growth ambitions within the area,” explained Stefan Widing, president and CEO of Sandvik.
Sandvik has also appointed Anders Svensson - president of the Crushing and Screening division since 2016 - to president of Sandvik Rock Processing Solutions and a new member of the Sandvik Group executive management, as of 1 January 2021. Mr Svensson joined Sandvik in 2008 and prior to his current position, he has had several different management positions within Sandvik and in Metso Minerals.
The crushing and screening business, as a division within Sandvik Mining and Rock Technology, generated about SEK 7.4 billion in sales and 15.9% operating profit margin in 2019 with about 2,000 employees.
The Sandvik Mining and Rock Technology business area will continue to be led by Henrik Ager and will change its name to Sandvik Mining and Rock Solutions (SMR), starting from 1 January 2021.