Sandvik has decided to spin off its Crushing and Screening division into a new business area called Sandvik Rock Processing Solutions (SRP).

The reason for this structural change, which will happen as of January 1, 2021, 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, the company said.

“Sandvik is market leading within rock processing and our Crushing and Screening division is a well-performing business with exciting growth opportunities,” Stefan Widing, President and CEO of Sandvik, said. “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.”

In line with this move, Sandvik has appointed Anders Svensson, President of the Crushing and Screening division since 2016, to President of the business area Sandvik Rock Processing Solutions and a new member of the Sandvik Group Executive Management, as of 1 January 2021. Svensson joined Sandvik in 2008 and has, prior to his current position, had several different management positions within Sandvik and in Metso Minerals.

The crushing and screening business had, as a division within Sandvik Mining and Rock Technology, about SEK7.4 billion ($837 million) in sales and a 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, as of 1 January 2021, change name to Sandvik Mining and Rock Solutions (SMR), the company added.