Global Tungsten & Powders (GTP), the tungsten powders division of Plansee Group, has acquired Tikomet Oy, a Finnish producers of reclaimed hardmetal powders.
‘The acquisition of Tikomet is a perfect strategic fit for us and increases the products that GTP can provide its customers,’ said Dr Andreas Lackner, pesident and CEO of Global Tungsten & Powders Corp. While GTP uses a chemical recycling process of hardmetal, Tikomet has developed a recycling technology based on the zinc recycling process, which is economical and environmentally friendly.
Tikomet is located in Jyväskylä, 270 kilometers north of Helsinki, and has roughly 40 employees.
This story is reprinted from material from GTP, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
