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Sandvik AB engages in the development, manufacture, and sale of tools, equipment, and tooling systems for the mining and construction industries. It operates through the following segments: Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials & Rock Technology, and Sandvik Materials Technology. Read More The Sandvik Machining Solutions segment manufactures and sells tools and tooling systems for industrial metal cutting. The Sandvik Mining & Rock Technology segment supplies equipment and tools and provides service and technical solutions for the mining industry. The Sandvik Materials Technology segment produces advanced stainless steels and special alloys such as tube, pipe, wire, strip and metal powder. The company was founded by Göran Fredrik Göransson in 1862 and is headquartered in Stockholm, Sweden. SDVKY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
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UPDATE 1-Sweden's Sandvik sets new financial targets after streamlining business
(Adds detail, CEO comments) STOCKHOLM, May 22 (Reuters) - Metal-cutting tools and mining gear maker Sandvik announced new long-term financial goals on Wednesday, after a structural overhaul it said will give it room to buy more companies. Sandvik’s new targets include revenue growth of at least 5% and an adjusted operating margin of at least 16%, it said in a statement, adding that improved financial strength was allowing it to increase the pace of acquisitions. The company has been reorganizing since Bj...
Yahoo FinanceMay 22