Alleima, former Sandvik Materials Technology, dates from 1862, when Göran Fredrik Göransson started Sandvikens Jernverk, a pioneer in using the Bessemer method in steel production on an industrial scale. Today, Alleima 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 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 cells 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. For more than 100 years, Alleima has recycled steel and today products consist of in average 82% recycled materials. Our arc furnaces use fossil free energy, and the CO2 emissions are low. Our focus now is to grow our business leveraging major global trends such as, the strong demand for energy and energy-efficiency, the shift to fossil-free and renewable energy, and the need for new medical technology.”
The company has in-depth expertise in materials technology, metallurgy and industrial processes and has a fully integrated value chain, from R&D to end-product, allowing for industry-leading 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.
The Annual General Meeting of Sandvik AB decided on April 27, 2022, to distribute all shares of Alleima AB to the shareholders of Sandvik AB. It was also decided that the new name should be Alleima, a combination of the words ”alloy” and ”material” – two core strengths of the company’s business. Shareholders of Sandvik AB as per the record date August 29, 2022, have received one share in Alleima for every five shares held in Sandvik.
The prospectus is available on the Sandvik website, home.sandvik, and on the Alleima website, www.alleima.com. The total number of outstanding shares in Alleima AB is 250,877,184. Alleima is listed on Nasdaq under the symbol ‘ALLEI’.