Name change for Sandvik
Sandvik is intensifying its focus on high value-added products. As part of this effort, the organisational structure within the Sandvik Specialty Steels business area has changed. In line with the ongoing shift in the business area's focus, it has changed the name to Sandvik Materials Technologies.
Peter Gossas, currently president of Sandvik Steel, has been appointed president of the new business area.
Under the new organisation, the Sandvik Steel business area no longer exists. Sandvik Materials Technology will comprise five product areas: Tube, Strip, Wire, Kanthal and Process Systems. Overall, the business area has about 8000 employees and annual sales of approximately $3 billion.
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