Sandvik Coromant, Microsoft to Form a Joint Venture to Shape the Future of Manufacturing
SANDVIKEN, Sweden, Apr 9, 2020 – Sandvik Coromant has embarked on a unique venture with Microsoft to drive forward the development and digitalization of the manufacturing industry. Combining Sandvik Coromant’s expertise in machining with technical solutions from Microsoft, the collaboration will seek to link up parts of the production chain to create solutions for the next generation of manufacturing. The contract also includes an acceleration of the internal digitalization network for Sandvik Coromant.
Sandvik Coromant’s CoroPlus offering, developed in part with Microsoft, is based on Azure IoT Suite, Cortana Intelligence Suite and Dynamics 365 for Field Service. Among other things, the offering connects people, machines, tools and data on a single platform to offer Sandvik Coromant’s customers a better basis for decision making, and provides an overview of the various developments in the manufacturing process. This can enable savings, for example, by reducing machine downtimes.
“We see this collaboration with Microsoft as key to the success of our digital strategy. We have a historic relationship with them and look forward to continuing our journey, creating value by working together to develop and implement solutions for the manufacturing industry to guarantee efficiency, sustainability and growth. This unique partnership represents a new way for our companies to work together more closely to develop our competence,” explained Nadine Crauwels, President of Sandvik Coromant.
One unique aspect of Sandvik Coromant’s CoroPlus® offering is that data is not only gathered at machine level to adjust equipment, notify technicians about maintenance requirements and warn managers about potential problems. Data is also gathered at tool level, which means that the customer’s industrial tool becomes “smart” and can be adapted and adjusted at any time for efficient use and to prevent production stoppages.
The partnership with Microsoft adopts an integrated approach to digitizing the data, expertise and experience used on a daily basis by Sandvik Coromant to guide their customers, and will serve as an additional tool to facilitate streamlining of production.
“Sandvik Coromant is a world leader in machining and has a track record of driving development in the industrial sector both in Sweden and internationally. It is incredibly inspiring that they have chosen to take the next step of the journey with us, and this is a really striking example of how digitalization can create new opportunities for the company to develop and become even better at what it does,” states Hélène Barnekow, CEO of Microsoft Sweden.
The new joint venture between Sandvik Coromant and Microsoft gets under way in the first quarter of 2020 and will involve operations both in Sweden and abroad.
Microsoft is one of the world’s leading tech companies in the cloud services, software and computing sector. Microsoft’s mission is to Microsoft’s products and services include Microsoft Office, Microsoft Windows, Microsoft Cloud, Xbox, LinkedIn, Minecraft, Skype and the Bing search engine. Microsoft was founded in 1975, with its Swedish arm inaugurated in 1985. Microsoft Sweden now employs around 600 staff and has offices in Stockholm, Gothenburg and Linköping.
About Sandvik Coromant
Part of the global Sandvik Group, Sandvik Coromant is a leader in providing machining tools, machining solutions and expertise that drive up industry standards, alongside innovation for the future of the machining industry. Training support, large-scale R&D investment and strong customer relations underpin the development of machining technology to shape, lead and drive the future of manufacturing. Sandvik Coromant holds more than 3100 patents throughout the world and employs over 7900 staff in 150 countries. For more information, visit https://www.sandvik.coromant.com/.