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The Company was founded in 1862 by Göran Fredrik Göransson, who was first in the world to succeed in using the Bessemer method for steel production on an industrial scale. At an early stage, operations focused on high quality and added value, investments in R&D, close contact with customers, and exports. This is a strategy that has remained unchanged through the years.
As early as the 1860s, the product range included drill steel for rock-drilling. The Company's listing on the Stockholm Stock Exchange took place in 1901. The manufacturing of stainless steel began in 1921 and cemented carbide in 1942. Production of cemented-carbide tools was begun in the 1950s in Gimo, Sweden.
During the 1960s, a comprehensive investment program was carried out at the main plant in Sandviken. In 1972, |