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Epiroc AB
Epiroc AB

Metals / Mining and construction equipment manufacturing

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Epiroc AB is a Swedish multinational industrial company that provides equipment and services for mining, infrastructure, and natural resources industries. The company was founded in 2018 after a split from Swedish mining and construction equipment manufacturer Atlas Copco AB.
Epiroc offers a wide range of products and services including drilling rigs, underground mining equipment, rock drilling tools, and technical support and training. They also provide digital solutions for automated and connected operations, as well as rental options for some of their products.
Epiroc has a global presence with operations in over 150 countries and approximately 14,000 employees. The company’s headquarters are located in Stockholm, Sweden.
Epiroc AB is listed on the Nasdaq Stockholm stock exchange and has a solid financial standing. In addition, the company places a strong emphasis on sustainability and has set ambitious goals to reduce their environmental impact and promote diversity and inclusion within their organization.
Overall, Epiroc AB is a leading player in the industrial equipment and services market, with a rich history and a strong focus on innovation and sustainability.
What is special about the company?
1. Global Presence: Epiroc AB is a leading global provider of innovative mining equipment, technology, and services. The company has a presence in over 150 countries, with more than 8050 employees worldwide.
2. Focus on Sustainability: Epiroc AB is committed to sustainability and aims to be a leader in responsible business practices. The company focuses on reducing its environmental impact, promoting health and safety, and contributing to the well-being of the communities they operate in.
3. Innovative Products: Epiroc AB is known for its cutting-edge and advanced products. The company invests heavily in research and development to develop innovative mining, rock excavation, and construction equipment to increase productivity and efficiency for their customers.
4. Strong Customer Relationships: Epiroc AB has built a reputation for delivering high-quality products and services and has strong customer relationships. The company understands the unique needs of its customers and works closely with them to provide tailor-made solutions.
5. Committed to Digitalization: Epiroc AB is at the forefront of digitalization in the mining and construction industry. The company has a dedicated team working on developing advanced digital solutions to improve productivity, safety, and efficiency for its customers.
6. Employee Development: Epiroc AB values its employees and provides opportunities for their personal and professional development. The company has various training programs, mentorship opportunities, and a culture of continuous learning and improvement.
7. Strong Financial Performance: Epiroc AB has a strong financial track record and has consistently delivered profitable growth. The company’s focus on efficiency, innovation, and sustainability has helped it maintain a strong financial position.
8. Safety First Approach: Epiroc AB prioritizes safety in all its operations and products. The company believes in creating a safe working environment for its employees and their customers.
9. Diversity and Inclusion: Epiroc AB promotes a diverse and inclusive workplace. The company values diversity and actively works towards creating an inclusive culture where everyone feels respected and valued.
10. Corporate Social Responsibility: Epiroc AB is committed to giving back to the community and has various social initiatives in place to support local communities. The company also encourages its employees to actively participate in charitable and volunteer activities.
What the company's business model?
The business model of Epiroc AB is primarily focused on providing innovative and sustainable solutions for mining, infrastructure, and natural resources industries. The company’s main activities include developing, manufacturing, and distributing equipment, tools, and services for drilling, rock excavation, and construction applications.
Epiroc AB aims to strengthen its customers’ productivity, energy efficiency, safety, and overall profitability by offering a wide range of products and services. This includes providing automated and digitalized solutions, such as drilling automation, remote control systems, and fleet management software, to optimize operations and reduce environmental impact.
The company operates through a decentralized organizational structure, with regional divisions and support functions to serve a diverse customer base in over 150 countries. Epiroc AB also focuses on strategic partnerships and acquisitions to expand its product portfolio and global presence.
Aside from its core business in mining and construction, Epiroc AB also has a strong focus on sustainability and corporate social responsibility. The company aims to reduce its own environmental impact and help customers achieve more sustainable operations through energy-efficient products, emission-reducing technologies, and responsible sourcing practices.
Interesting facts about the company
1. Epiroc AB is a Swedish company that specializes in providing equipment, tools, and services for the mining and construction industries. It was founded in 2018 and is headquartered in Stockholm, Sweden.
2. The company’s name, Epiroc, comes from the Greek roots epi meaning on or over and roche meaning rock - reflecting its focus on rock excavation and drilling.
3. Epiroc was formed through a corporate spin-off from Atlas Copco, another Swedish industrial company. The spin-off was designed to allow Epiroc to focus specifically on the mining and construction industries, while Atlas Copco could focus on other areas.
4. Epiroc offers a wide range of products and services including drilling rigs, rock excavation and demolition equipment, tools and consumables, and related services such as rental, training, and technical support.
5. In addition to its operations in Sweden, Epiroc has a global presence with sales and service organizations in over 180 countries. It also has manufacturing facilities in over 20 countries.
6. The company has a strong commitment to sustainability and has set ambitious goals to reduce its environmental impact, including reducing carbon emissions, water usage, and waste generation.
7. Epiroc has been recognized for its innovation and dedication to sustainability, receiving numerous awards and recognitions from organizations such as the International Mining Technology Hall of Fame and the Dow Jones Sustainability Index.
8. As of 2020, Epiroc employs over 14,000 people worldwide. The company values diversity and inclusivity, and has a goal to achieve gender balance at all levels of the organization.
9. Epiroc has a close partnership with the mining industry and works closely with its customers to develop new technologies and solutions that improve efficiency and safety in their operations.
10. The name Epiroc also has a connection to the company’s history, as it was the name of a division within Atlas Copco that focused on rock excavation and drilling equipment. This division was founded in the 19th century and played a crucial role in the development of the modern mining industry.
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