Latest news with #Alleima
Mint
3 days ago
- Business
- Mint
Swedish Steelmaker Alleima Sees Pricing as Counter to US Tariffs
The chief executive officer of Swedish steelmaker Alleima AB says the company will not absorb any potential costs from tariffs and will instead focus its efforts on raising prices, as well as targeting specific industries. Speaking in an interview, Goran Bjorkman, 59, said Alleima is doubling down on nuclear tubing offerings having last year decided to expand its steam-tube manufacturing in Sandviken, Sweden. In January, the nuclear division booked two major orders, one worth 530 million kronor . Decreasing the company's exposure to less cyclical sectors is seen by Bjorkman as helping safeguard Alleima's profitability in volatile times. Analysts have cited the impact of US tariffs as a headwind for the group given around a quarter of its sales are in North America. Another area of focus is Alleima's products aimed at the health-care and medical industries, where the company still only has a small market share. 'It is a market which is growing very rapidly and a lot of countries are investing more in health care than ever before,' Bjorkman said, highlighting how its Kanthal unit's medical arm has quadrupled sales in the past five years. Another threat facing the company's profitability in the near term is the strengthening Swedish krona, which is up 16% against the US dollar this year. Analysts at DNB Carnegie earlier this year warned in a note that that currency effects at Alleima might present about 9% downside to 2025 earnings. As with the 'pretty extreme' trade policies coming out of the US, Bjorkman said the effects of the krona were proving hard to offset in the short term. 'I'm certain we can handle parts of it, for example via our footprint, but particularly on pricing,' the CEO added. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
3 days ago
- Business
- Bloomberg
Swedish Steelmaker Alleima Sees Pricing as Counter to US Tariffs
The chief executive officer of Swedish steelmaker Alleima AB says the company will not absorb any potential costs from tariffs and will instead focus its efforts on raising prices, as well as targeting specific industries. Speaking in an interview, Goran Bjorkman, 59, said Alleima is doubling down on nuclear tubing offerings having last year decided to expand its steam-tube manufacturing in Sandviken, Sweden. In January, the nuclear division booked two major orders, one worth 530 million kronor ($56 million).
Yahoo
15-05-2025
- Business
- Yahoo
Stainless Steel Seamless Pipes Market worth $5.15 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., May 15, 2025 /PRNewswire/ -- The report "Stainless Steel Seamless Pipes Market by Grade (Austenitic, Ferritic, Duplex), Technology (Piercing, Extrusion), End-use Industry (Oil & Gas, Automotive & Transportation, Energy & Power, Nuclear, Green Hydrogen, Others), & Region - Global Forecast to 2030", stainless steel seamless pipes market is projected to reach USD 5.15 billion by 2030 from USD 3.88 billion in 2025, at a CAGR of 5.8% during the forecast period. Browse in-depth TOC on "Stainless Steel Seamless Pipes Market" 180 – Tables 65 – Figures 240 – Pages Download PDF Brochure: The market drivers for stainless steel seamless pipes are the rising demand from sectors like oil & gas, automotive, chemical processing, and construction, where corrosion-resistant and long-lasting materials are essential. The increased emphasis on infrastructure development, especially in developing economies, is also a key factor driving market growth. Furthermore, strict safety regulations, quality standards, and environmental sustainability drive the demand for high-performance pipes. Technical innovation improves production rates and the quality of the products. Transition toward the use of alternative sources of power and increased consumption of advanced pipeline systems for generating electricity and water desalination also spur industry expansion. "Austenitic grade to be the fastest-growing grade segment in the stainless steel seamless pipes market during the forecast period" Austenitic stainless steel is the most rapidly growing type of seamless stainless steel pipe owing to its exceptional properties, making it suitable for a wide range of challenging applications. The type, having high chromium, nickel, and even molybdenum contents, is famous for possessing a high corrosion resistance, particularly in severe conditions like chemical processing, marine uses, and oil and gas applications. Austenitic stainless steel is similarly valued for its formability, ductility, and strength and hence can find good application where the above factors are essential. Some examples are complex and stress-containing applications in heat exchangers, pressure vessels, and piping systems at high-temperature operating conditions. Their resistance to corrosive materials such as acids and chlorides further makes them the material of choice for industries requiring low-maintenance, corrosion-resistant piping systems. Request Sample Pages: Key Players The stainless steel seamless pipes market report comprises key service providers such as NIPPON STEEL CORPORATION (Japan), Alleima (Sweden), Vallourec (France), AMETEK, Inc. (US), JFE Steel Corporation (Japan), Tenaris (Luxembourg), Jindal SAW Ltd. (India), ISMT Limited (India), Tubacex S.A. (Spain), and Centravis (Ukraine). Request Customization: Get access to the latest updates on Stainless Steel Seamless Pipes Companies and Stainless Steel Seamless Pipes Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: Seamless Pipes Market Duplex Stainless Steel Market Hydrazine Hydrate Market - Global Forecast to 2027 Flooring Market - Global Forecast to 2028 Underwater Concrete Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-01-2025
- General
- Yahoo
Steelmaker's Skeleton to Save Historic Ship From Crumbling
Alleima is a Swedish steelmaker that makes products out of advanced stainless steel and special alloys. The company, formerly Sandvik Materials Technology, was officially spun out of Sandvik in 2022 and has more than 900 active alloy recipes. The company typically makes seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods and even ultra-fine wires for medical and micro-electronic devices. The company recently found itself facing a unique challenge: the crumbling remains of a nearly 400-year-old ship. On August 10, 1628, the Vasa cast off from below Tre Kronor castle in Stockholm and left the harbor. She was a mighty ship with three masts that could carry ten sails, measuring 52 meters from tip to keel and 69 meters long, it weighed 1,200 tons. The Vasa was hit with a mighty gust from the gods that caused her to capsize. Water poured in through open gun ports, the Vasa sank to the floor of the sea, and at least 30 of the 150 or so people aboard perished. Most Read on IEN: Molson Coors Rejects Leinenkugel Family's Attempt to Save Brewery WATCH: Single Worker Blamed for Recall of 23,000 Kias Shortage Leaves Dunkin' Stores Without Any Doughnuts Across Multiple States WATCH: Nearly Evicted EV-Maker Plots Return with Super Cheap Minivan About 333 years later, divers found the Vasa. On April 24, 1961, more than 14,000 loose pieces of wood were pulled from the sea and the ship was salvaged, but it has taken a considerable effort to preserve it. Now on display at the Vasa Museum in Stockholm, the ship is incredibly fragile. Chemical degradation of the wood has caused the old oak hull to lose much of its strength. So, the museum reached out to Alleima to make an inner steel skeleton, a truss built out of tubes to stabilize the hull. According to the museum, saving the Vasa has been the biggest challenge facing the ship since the salvage. The skeleton will be made out of a high-alloyed SAF 2507 stainless steel material. The inner steel skeleton will reach from the keel to the upper deck and support the loads from the deck and deck beams. However, the inner steel support must be strong and light, and Alleima will use a design that prevents the project from drilling too many holes in the hull. Because the material is so strong, the skeleton will require less of it, and the steel's high corrosion resistance allows it to come into direct contact with the ship without being affected by acid given off by the wood. The project should be completed by 2028, which lines up with the ship's 400th anniversary. This isn't Alleima's first voyage with the Vasa. In 2011, then owned by Sandvik, the company replaced more than 5,000 rusty bolts with a specially developed, high-alloy part. The bolts made the ship more stable and shed some eight tons from the ship's overall weight, about the weight of a yellow school bus. Click here to subscribe to our daily newsletter featuring breaking manufacturing industry news.
