Elkem focuses on refractories growth with KeyVest acquisition

June 29, 2022

Elkem has acquired KeyVest to grow its refractories business (Courtesy Elkem)
Elkem has acquired KeyVest to grow its refractories business (Courtesy Elkem)

Advanced materials supplier Elkem SA, Oslo, Norway, reports that it has acquired KeyVest Belgium S.A, based in Grâce-Hollogne, Belgium. The company specialises in the sourcing of materials and production of metal powders for the refractory industry and other segments including advanced ceramics.

KeyVest will be acquired from a subsidiary of Holta Invest AS, a privately held investment company headquartered in Oslo, Norway. The transaction closed on June 20, 2022, and the new name of the entity will be Elkem Processing Services Belgium.

Refractories are designed to withstand very high temperatures and are therefore suitable for use in furnace linings for the steel, cement, and aluminium industries. Elkem offers a wide portfolio of high-quality products for the production of advanced refractory and ceramic products globally. The KeyVest acquisition will further support and expand this offering.

KeyVest was established in 2007 as an independent processing and milling company of silicon carbide and silicon metal powders. It also distributes related products that include ferrosilicon nitride, fused silica, boron carbide, and aluminium powder. The company focuses on building long-term relationships with its customers and produces around 140 tailor-made products as per customer requirements, with annual revenues of around NOK 100 million.

“The acquisition of KeyVest fits well into Elkem’s offerings to the refractory market, enabling us to further grow by providing additional specialised products to our current customers, improve our service level and processing capabilities and grow in adjacent segments,” commented Inge A Grubben-Strømnes, Elkem’s senior vice president for Silicon Products. “Through this agreement, we also secure opportunities for production optimisation. This is in line with Elkem’s strategy of growth through increased specialisation.”

www.elkem.com

https://keyvestbelgium.be/

Elkem has acquired KeyVest to grow its refractories business (Courtesy Elkem)

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link