Sandvik plans to invest around SEK 200 million in a new plant which will make titanium and nickel fine metal powders. The investment will complement the existing powder offering and strengthen Sandvik’s position in the markets for metal powder and metal additive manufacturing, the company said.
Sandvik makes stainless steel, nickel based and cobalt-chromium alloys in the United Kingdom and Sweden, and sales take place across Europe, North America and Asia through the Osprey brand.
The demand for metal powder for additive manufacturing is expected to increase significantly in the coming years, Sandvik says. Titanium and nickel based alloys are said to be key growth areas in the field of additive manufacturing, accounting for a significant portion of the metal powder market.
‘This investment is an enabler for future growth and means that we are expanding our metal powder offering to include virtually all alloy groups of relevance today,’ said Annika Roos, head of product area powder at Sandvik Materials Technology.
‘The metal powder segment and the additive manufacturing business are of increasingly strategic importance to us,’ added Göran Björkman, president of Sandvik Materials Technology. ‘This investment should be viewed as the latest evidence of our commitment to an area that we believe strongly in.’
The facility will be located in Sandviken, Sweden, near in-house titanium raw material supply and the center for additive manufacturing. It is expected to be operational during 2020.
This story is reprinted from material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
