Sandvik is to invest approximately SEK200 million in a new plant for manufacturing titanium and nickel fine metal powders.
The demand for metal powder for additive manufacturing is expected to increase significantly in the coming years. Titanium and nickel based alloys are 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. In addition, it will also support the overall additive manufacturing business at Sandvik," 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. This investment should be viewed as the latest evidence of our commitment to an area that we believe strongly in," said Göran Björkman, President of Sandvik Materials Technology.
The facility will be located in Sandviken, Sweden, near in-house titanium raw material supply and the centre for additive manufacturing. It is expected to be operational during 2020.