In 1857, he acquired rights to use the patented process and initially applied it in a blast furnace at Edsken, Hofors Municipality.

This prompted the foundation, in 1862, of a new company, Högbo Stål & Jernverks AB, in a place that developed into the town of Sandviken.

[3] Already before the war, the company had wanted to enter the cemented carbide tool market, but the patent situation was complicated, and it was unable to find a suitable business partner.

In the same year, the Sandvik Coromant brand was registered for cemented carbide products, and the company started working on tools for metal cutting and rock drilling.

[3] Steel conveyor belts of various types had been part of the product range since 1902, and in 1980, a conveyor-belt-based system called Rotoform for granulation of liquid chemicals was developed.

[3] In 1997, Sandvik acquired a majority of the Swedish company Kanthal AB, which specialized in metallic electrical resistance products and high-temperature ceramic materials.

Also, in the same year, Sandvik bought all remaining shares in the Finnish company Tamrock, a manufacturer of mining equipment in which it previously had a minority holding.

[3] In 2009, Sandvik bought the Austrian company Wolfram Bergbau, which was focused on tungsten production, from mining to cemented-carbide powder.

[16] In September 2023, Sandvik adopted a revised visual identity, with a new logotype that contains different graphical elements than the previous one.

The vehicle TH665B, with a capacity of 65 metric tons, was the highest-capacity battery-electric underground mining truck in the world when it was launched in 2022.

[18][19][20][21][22] As of 2024, Sandvik operates a working prototype of a fully automatic battery-powered autonomous drill rig in its test mine in Finland.

In addition to the potential for higher productivity, workplace safety is an area where this kind of technology may bring significant improvements.

[2] In 2023, Sandvik used equipment and software for precision machining and metrology to produce an AI-designed statue simultaneously inspired by the styles of the artists Michelangelo, Auguste Rodin, Käthe Kollwitz, Kōtarō Takamura and Augusta Savage.

The statue is made of stainless steel, weighs 500 kg, is 1.5 meters tall and is manufactured to a precision of 0.03 mm.