Alleima receives two major orders in the Oil and Gas segment
Alleima has received two major orders in the Oil and Gas segment, of which one for advanced tubes, umbilicals, and one for corrosion resistant alloy OCTG tubes (Oil Country Tubular Goods). The total value amounts to approximately SEK 450 million.
The umbilical order, valued to approximately SEK 210 million, will be used in an offshore project in Brazil. Deliveries are scheduled for the second half of 2024 and early 2025.
The OCTG order, valued to approximately SEK 240 million, will be used in an offshore project in North Africa. Deliveries are scheduled during mid-2024.
Both orders, classified as major orders (i.e. above SEK 200 million), were received in the fourth quarter of 2024 and will be reported in the Tube division.
“Demand in the energy sector is strong, driven both by growing demand for energy as well as the shift to renewable energy sources. We are well positioned to continue to gain business in this field and these two orders demonstrate the strength of our offering”, says Nigel Haworth, President Business Unit Energy, Tube division.
Sandviken, October 25, 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
