In August, Sandvik Materials Technology separated from the Sandvik Group, was renamed Alleimaโข and is now listed on the Nasdaq Stockholm Exchange as ALLEI.
Per an announcement from the company, โThe name Alleimaโa combination of the words alloy and materialsโrepresents a fresh opportunity for growth and development in the global market. The Tube division represents nearly 70% of Alleimaโs business, but it also makes long products, such as medical wire.
โWhile we are leaders in the stainless and special alloy sector in terms of both technology leadership and financial performance, we were a relatively small part of the Sandvik Group,โ Alleima Company President Gรถran Bjรถrkman said. โAs an independent company, the Alleima Board of Directors is fully focused on our activities, enabling us to deliver our strategy to grow profitably, and capital allocation will be much simpler. This move has energized our entire organization and instilled a strong sense of pride.โ
Bjรถrkman said that the separation has not caused major changes for the company, customers or employees. There have been no changes in production or support service processes. Alleima continues to control the supply chain from R&D to primary melt to the final product, and there will be no changes or reductions in the product portfolio.
