Sandvik is one of the oldest and popular companies that provide services in the areas like mining, machining solutions, materials technology, construction, venture etc. It was established in the year 1862 by Goran Fedrik Goransson and headquartered in Stockholm, Swedan. It is a global industrial group with its strong presence in more than 1340 countries and employs 47,000 people across the world with sales of 87 billion SEK. With its cutting edge technology the company is concentrated on providing the advanced featured products that facilitate higher customer productivity and profitability. It invests 3 billion SEK each year on Research and development segment with more than 2,700 employs working in this area. Currently the Sandvik group holds more than 8,000 patents. The tools and tooling systems used for the mining and construction comprise of many advance features.