Despite exploring diverse options and alternative pathways to achieve financial viability for the affiliated company, Höganäs says it has become evident that Alvier PM’s current direction does not align with its strategic objectives. This, combined with challenging market conditions and the financial pressures that Alvier PM faces, have led to the decision.
"We understand that this is difficult news for our affected employees, and we will support them during this period," says Andreas Jähnke, President Product Area Electro & Mechanical Technology at Höganäs.
As part of Höganäs’ strategic goal to become the preferred supplier of sustainable metal powder, the company is continuously evaluating its business to ensure alignment.
"Efforts have been made to refine the product portfolio, optimise costs, enhance efficiency, and strengthen customer relationships, in addition to looking for synergies with the Höganäs group. Unfortunately, these efforts have not led to the required improvements, making this decision necessary," explains Jähnke.
