Erasteel, a world leader in the production of high speed steel via the powder metallurgy process, has opened a new gas atomising tower at its Söderfors plant in Sweden.
The new facility, named DurinTM, will allow the company to extend its product range to new steel grades, such as stainless steel, nickel and cobalt alloys, and to reach new, fast growing markets.
This new equipment represents an investment of around €20 million by Erasteel, a wholly owned subsidiary of Eramet. The plant’s capacity after this investment will reach 14,000 tons per year.
Patrick Buffet, Chairman and CEO of the Eramet Group, who was presiding over the inauguration, stated, “This investment in a very innovative technology opens new opportunities for Erasteel. Eramet benefits from its new technologies to bring to the market new, high performance solutions in the form of gas atomised powders of highly alloyed steels. Sweden holds key competencies in the field of powder metallurgy. This new investment shows our commitment to serve in the long term fast growing markets, like tooling, energy and in particular oil and gas.”
In 2011, Eramet Alloys is commissioning four strategic facilities (powder metallurgy in Sweden, titanium, aluminium and nickel alloys in France) for a total capital expenditure of around €120 million.
For more information: www.eramet.com
For more information on Erasteel and powder metallurgy: www.erasteel.com
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]