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Sweden’s Alleima reports order for ultra-fine wire from its medical segment

Alleima has received an order for ultra-fine wire in the company’s medical customer segment, worth approximately $33.5 million.

A press release said that the order was booked in the fourth quarter of 2022, with deliveries scheduled to ramp throughout 2023. The order will be reported in the company’s Kanthal division.

“Growing the Medical segment is one of the cornerstones in our strategy for profitable growth,” said Alleima President and CEO Göran Björkman. “With this order, we are taking an important step in adding to our addressable market by accessing a number of new patient applications.”

Gary Davies, head of the medical business unit in the Kanthal division, said that the wire will be used for the remote monitoring of patients, a fast-growing market. The order “is a result of the commercialization of a new product, with leading edge technology and high accuracy.”

Alleima, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. It has more than 5,500 employees and customers in approximately 90 countries.

Read 218 times Last modified on January 10, 2023