TBA GroupTMS Awards 2023Port of South LouisianaPort of StocktonBühler GmbHGeneva Dry
  • Bühler GmbH
  • Vigan
  • TMS Awards 2023
  • TBA Group
  • Cimbria
  • Port of South Louisiana

Schenck Process announces mining business sale to Sandvik

Schenck Process announces mining business sale to Sandvik

(Posted on 12/05/22)

Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, has announced that it has signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik AB. Upon completion, the business will be integrated into Sandvik’s Rock Processing Solutions business area, a leading supplier of equipment, tools, parts, services and solutions for processing rock and minerals in the mining and construction industries. The transaction is expected to complete in the second half of 2022, subject to regulatory approvals.

With locations in 21 countries, spread over 6 continents, Schenck Process is a global provider of process solutions for mission-critical applications. Schenck Process services a wide range of industries and provides customers with a unique combination of individual products, smart solutions, and deep application know-how.

Schenck Process’s Mining business comprises operations in major mining locations around the world including Australia, South Africa and South America with FY2021 revenues of about €160m and approximately 630 employees.

Once fully integrated into Sandvik Rock Processing Solutions, the Mining business will benefit from a greater global reach combined with Sandvik’s strong technical and commercial depth providing a more attractive customer proposition and broader career opportunities for all mining employees.

Keith Cochrane, CEO Schenck Process Group, commented: “I am delighted with this outcome for our mining colleagues and customers. Sandvik Rock Processing Solutions is both a natural and excellent new partner for our Mining business creating a stronger platform to build on our recent market success. This transaction will result in a more focused Schenck Process Group to further grow and extend our positions as a global solutions provider for the food, chemical and performance materials as well as the infrastructure & energy markets.”

Anders Svensson, President of Sandvik Sandvik Rock Processing Solutions, commented: “I am really pleased that we have come to this agreement. Schenck Process Mining range of high-capacity screens and feeders, as well as screening media offering will complement our product offering. Coupled with Schenck Process Mining knowledge and experience in screening applications this will enable us to serve our customers even better and provide complete solutions.”

Sandvik is a global high-tech engineering group offering solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. Sandvik is at the forefront of digitalization and focuses on optimizing customers’ processes. Its world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing and advanced materials. In 2021 the Group had approximately 44,000 employees and revenues of about 99 billion SEK in about 150 countries.

Schenck Process is a global provider of sustainable products, integrated solutions, and services in mission-critical applications for bulk materials. Headquartered in Darmstadt, Germany, the Group prior to the Mining sale has around 3,100 employees with a presence in over 21 countries across six continents focused on the food and mining markets, alongside chemicals and performance materials, and infrastructure and energy.

Latest News

SSAB invests $74 Million to expand steel production in Alabama

(Posted on 07/05/25)

Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more


GGC welcomes new Canadian government and urges farm priorities action

(Posted on 01/05/25)

Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more


US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote

(Posted on 30/04/25)

The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more


Ukraine already sown two million hectares of spring grains

(Posted on 28/04/25)

As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more


Condobolin rail upgrade fast-tracks NSW grain

(Posted on 25/04/25)

GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more


Rio Tinto and AMG assess low-carbon aluminium project in India

(Posted on 22/04/25)

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more


BHP record iron ore and copper production demonstrates resilience

(Posted on 22/04/25)

BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more


WTO: Trump’s tariffs will shrink global trade

(Posted on 16/04/25)

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more


$235million syndicated loan agreement to boost UAE trade with Trafigura

(Posted on 15/04/25)

In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more


Anglo American update on sale of steelmaking coal business to Peabody

(Posted on 15/04/25)

Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more


ViganCimbriaVan AalstTelestackSailors Society
  • Sailors Society
  • Port of Stockton
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping