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 Technology, Sandvik Construction, Sandvik Venture, and Corporate. The Sandvik Machining Solutions segment manufactures and sells tools and tooling systems for industrial metal cutting. The Sandvik Mining 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 Sandvik Construction segment offers quarrying, tunneling, demolition, dimensional stone, recycling and civil engineering solutions for the construction industry. The Sandvik Venture segment includes process systems, Hyperion, Wolfram, and drilling and completions product areas. The company was founded by GÃ¶ran Fredrik GÃ¶ransson in 1862 and is headquartered in Stockholm, Sweden.