Sandvik Materials Technology is now Alleima

Friday, September 9, 2022

“In Alleima we have found a name that encapsulates the core of what we do and our uniqueness in a great way. It will enable us to position ourselves as the technology leader, progressive customer partner, and sustainability driver that we are.” - Göran Björkman, President and CEO of Alleima.

At the end of August 2022, following shareholder approval of a proposal presented by the Sandvik AB board of directors, Sandvik Materials Technology officially separated from Sandvik AB. On 31 August 2022, Sandvik Materials Technology rebranded to Alleima and became listed on the Nasdaq Stockholm Exchange as a stand-alone company.

Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 13.8 billion in 2021, has more than 5,500 employees and customers in approximately 90 countries. Alleima, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Their offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production.

Their fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity.

The Alleima history dates back to 1862 when Sandvik was founded by Göran Fredrik Göransson. For 160 years, Alleima has been a global engineering and materials technology company synonymous with absolute industry premium, offering products and services that enhance customer productivity, profitability, and sustainability. The new name of Alleima combines two core strengths of the business – alloys and materials – with alei, an old version of the word alloy, as the foundation.

Our Sponsors