Sandvik invests in metal powder plant
12 February 2018
Sandvik will invest about 200 million SEK in a new plant for manufacturing titanium and nickel fine metal powders within the business area Sandvik Materials Technology. The investment will complement the existing powder offering and strengthen Sandvik’s position in the rapidly growing markets for metal powder and metal additive manufacturing.
Sandvik already has a strong position in the production and sale of fine metal powders. Stainless steel, nickel-based, and cobalt-chromium alloys are manufactured in the United Kingdom and Sweden. Sales take place across Europe, North America, and Asia through the Sandvik Osprey brand.
The demand for metal powder for additive manufacturing is expected to increase significantly in the coming years. Titanium and nickel-based alloys are key growth areas in the field of additive manufacturing, accounting for a significant portion of the metal powder market.
“The metal powder segment and the additive manufacturing business are of increasingly strategic importance to us. This investment should be viewed as the latest evidence of our commitment to an area that we believe strongly in”, says Göran Björkman, President of Sandvik Materials Technology.
The facility will be located to Sandviken, Sweden, near in-house titanium raw material supply and the center for additive manufacturing. It is expected to be operational during 2020.
Image courtesy of Sandvik