Alleima has good prospects for continued profitable growth. Business development across the entire product portfolio is a key element of the strategy for a long-term improved and more profitable mix in all customer segments. Alleima also has a capital allocation strategy for growth investments and acquisitions focused on prioritized segments.
Long-term strategy to shift product mix in all segments
Alleima is working on a structural portfolio shift to improve the product mix across its portfolio. The aim is to reduce volatility and increase profitability by increasing the share of products with higher levels of refinement and higher technical content in all segments. Alleima’s financial position and cash flow generation enable long-term investment decisions and flexibility in the order booking, which in turn ensures price leadership. This provides the company with a foundation to consistently execute its strategy, even in periods with challenging market conditions.
Alleima’s capital allocation strategy focuses on prioritized segments characterized by higher growth, better profitability, higher capital efficiency and lower volatility.
Nuclear
Alleima has supplied products to the nuclear power industry for over 60 years and is now seeing a clear upswing in the market driven by energy security and growing demand for electricity for data centers, AI and electrification. Nuclear power offers a stable, fossil-free solution, and the development of small modular reactors (SMRs) is creating new opportunities. Alleima has already secured and delivered commercial SMR orders and is responding to broad global demand. The company is now increasing its capacity for steam generator tubing by 60%, with its first deliveries scheduled for late 2026. With its extensive experience and unique metallurgical expertise, Alleima is also well positioned for the next generation of nuclear power using lead, sodium, helium and molten salt as cooling media.
Chemical and Petrochemical
Alleima offers premium solutions to the Chemical and Petrochemical segment globally, focusing in particular on the rapidly growing Asian market. Growth is being driven by an expanding middle class and increasing production of food, plastics and renewable energy. This has led to the establishment of new chemical and petrochemical plants in the region, where Alleima’s tube products are used in the most demanding applications and play a crucial role in sub-segments such as ethylene, purified terephthalic acid (PTA), urea and biofuels. In these applications, corrosion resistance and tolerance to high pressure and temperatures are critical to operational reliability. Capacity investments have been made in both India and China in recent years in order to meet high demand.
Medical
Alleima is a leading supplier of ultra-fine medical wire, wire-based components and nitinol solutions for various applications, such as continuous glucose monitors, pacemakers, neurostimulation systems and surgical instruments. The development of the segment has been, and is expected to remain, positive, driven by long-term trends such as increased remote monitoring and growing investments in healthcare. The acquisition of the German company Endox was completed during the year, and Alleima is responding to strong demand by establishing a presence in Asia together with existing customers.
Industrial Heating
Global electrification and increasing energy efficiency requirements are driving growth within various industrial heat treatment processes. Kanthal offers solutions ranging from resistance materials and heating elements to advanced heating modules and process gas heaters for metal, glass, electronics and semiconductor applications. The level of innovation is high, and to meet the growing demand, Alleima is currently investing in capacity expansions in Europe, Japan, and the USA, as well as developing solutions for megawatt‑scale electric process gas heating.
