Funded in 1978, Mi-Tech is a supplier of tungsten products for industries such as power, engineering and aerospace. It employs almost 100 people.
"[Mi-Tech’s] tungsten products offer a unique combination of density, mechanical strength and shielding effectiveness," said Dr Wolfgang Köck, Plansee board member.
Plansee bought the company through its US subsidiary Global Tungsten & Powders (GTP), which specializes in tungsten powder production.
"Mi-Tech will benefit from the fact that GTP, as a leading western supplier, guarantees security of supply for tungsten powders," said Karlheinz Wex, Plansee CEO. A large part of the tungsten is already obtained today through recycling, the company said.
