Sandvik AB is a Swedish multinational engineering company with operations within tools and tooling systems for metal cutting, equipment and tools, service and technical solutions for the mining and construction industries, products in advanced stainless steels and special alloys as well as products for industrial heating. The company was founded in Sweden in 1862. It has approximately 40,000 employees and sales in more than 160 countries. In 2019, sales amounted to 103 billion SEK.