Comment regarding yesterday's fire in the steel mill at Alleima

Published
2022-08-30
Categories

On Monday morning, August 29, 2022, a fire broke out in a furnace in the steel mill at Alleima (formerly Sandvik Materials Technology), at the industrial site in Sandviken, Sweden. The fire was extinguished within an hour. Five people sought medical attention but have left the hospital and are under the circumstances well. An investigation of the damage to the equipment has now been carried out. The assessment is that there will be no impact on customer commitments and deliveries, and that the impact on the financial performance will be limited to an effect on the operating profit by approximately SEK -10 million for the third quarter of 2022.

Sandviken, August 30, 2022

Alleima AB (publ)

Contact details

Emelie Alm, Head of Investor Relations, Alleima
emelie.alm@sandvik.com
Phone: +46 (0) 79 060 87 17

Yvonne Edenholm, Press and Media Relations Manager, Alleima
yvonne.edenholm@sandvik.com
Phone: +46 (0) 72 145 23 42

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 is expected to be listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com