Alleima to increase capacity for steam generator tubing for the Nuclear segment
Alleima has decided to expand its steam generator tubing (SGT) facilities in Sandviken, Sweden. The ambition of the investment is to meet the growing global demand in the Nuclear segment.
The expansion includes the refurbishment and reopening of one of Alleima’s SGT facilities. This will increase capacity and strengthen Alleima’s capability to seize growth opportunities, while maintaining its leading position in SGT for full scale Nuclear Power Plants and to be the frontier supplier for Small Modular Reactor (SMR) tubing.
The total investment of approximately SEK 330 million will be carried out between 2024-2026 and is expected to increase capacity for steam generator tubes by approximately 60%, with production ramp up starting at the end of 2026.
“This is a unique opportunity to increase our capacity relatively quickly and meet the demand from our customers in the Nuclear segment. We have recently delivered the first commercial order for steam generator tubes for SMR:s, and we expect this technology to grow as the need for fossil free energy continues to increase. Through this facility, we will be able to serve both conventional nuclear power plants and emerging technologies like SMR”, says Göran Björkman, President and CEO.
Alleima is one of the leading suppliers of SGT with more than 50 years’ experience from the Nuclear industry. The facility that will now be reopened was mothballed when a new factory was inaugurated in 2012. The investment will create employment for around 90 additional people.
Sandviken, September 27, 2024
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, 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, had approximately 6,500 employees and revenues of about 21 billion SEK in about 80 countries in 2023. The Alleima share was listed on Nasdaq Stockholm’s Large Cap list on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com.
