Alleima receives a major order for ultra-fine wire in the Medical customer segment

Alleima has received a major order for ultra-fine wire in the Medical customer segment, with a total value of approximately SEK 350 million. The order was booked in the fourth quarter of 2022, with deliveries scheduled to ramp throughout 2023. The order will be reported in the Kanthal division.

"Growing the Medical segment is one of the cornerstones in our strategy for profitable growth. With this order, we are taking an important step in adding to our addressable market by accessing a number of new patient applications", says Göran Björkman, President and CEO of Alleima.

"I am proud that we have received this order. It is a result of the commercialization of a new product, with leading edge technology and high accuracy. It is used for the remote monitoring of patients, a fast-growing space in the medical device market", says Gary Davies, Head of business unit Medical in division Kanthal.

Sandviken, November 23, 2022

Alleima AB (publ)

 

Related links:

--    Medical offer at Alleima - Website

Contact details

Emelie Alm, Head of Investor Relations
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Phone: [phone]

Yvonne Edenholm, Press and Media Relations Manager
[e-mail]
Phone: [phone]

About Alleima
Alleima AB, 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. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressor, 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. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. 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 was listed on Nasdaq Stockholm on August 31, 2022 under the ticker 'ALLEI'. Learn more at www.alleima.com

 

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