Alleima receives a major order for steam generator tubes in the Nuclear segment
Alleima has received a major order for steam generator tubes, to a total value of approximately SEK 220 million. The receipt of this order is a clear proof of Alleima’s strong position in the Nuclear segment.
The order from one of the world’s leading suppliers of nuclear power equipment is classified as a major order (i.e. above SEK 200 million) and was booked in the fourth quarter of 2023. The order will be reported in the Tube division and deliveries are scheduled for the second half of 2025.
“We see great potential for growth in the Nuclear segment. Our addressable market in the Nuclear segment is expected to grow at approximately 9% CAGR in the coming five years and we are aiming to increase our market shares in this field. Although lead-times are relatively long, we are ready to significantly ramp-up our capacity when needed,” says Carl von Schantz, President of Tube division.
“I am pleased that we once again are chosen as a trusted supplier for a prestigious power project such as this. Our competitive advantage is our technology leadership and high-quality offering. Growth in the global Nuclear segment is driven by replacements, new-builds, extensions as well as new nuclear power innovations, like for example Small Modular Reactors (SMR:s), and we are currently active in several discussions regarding future power projects,” says Nigel Haworth, President of Business Unit Energy, Tube division.
Sandviken, December 22, 2023
Alleima AB (publ)
Contact details
Emelie Alm, Head of Investor Relations
[email protected]
Phone: +46 (0) 79 060 87 17
Yvonne Edenholm, Press and Media Relations Manager
[email protected]
Phone: +46 (0) 72 145 23 42
About Alleima
Alleima AB, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 18.4 billion in 2022, has approximately 5,900 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com
