This new centre will develop products that are suitable and relevant to facilitate future business development in the region. Further, the new set-up will complement and support existing R&D units in all business areas globally in materials and process engineering.
The Group R&D Center will be located in Pune which is already a major Sandvik site with operations in production, R&D, design and engineering and will be a significant expansion of the existing team of modeling and simulation experts, In the next four years between 2014-17, The R&D team will be having a team of 90-100 research associates.
Commenting on this, Olle Wijk, senior vice president and Head of R&D, Sandvik Group said, "There is a tremendous development of technical and R&D capabilities in India. Utilizing this expertise means great opportunities for Sandvik, as R&D is an enabler for business development. We are initially especially interested in computational simulation competence, where we already have a good team in Pune. The Group R&D Center India will enable us to develop new technical concepts and opportunities that will benefit both global and local growth."