We are

We are here to advance industries through materials technology. Our development and manufacturing of advanced stainless steels and special alloys is leading. It is what we have been doing for over 160 years, and it is still our reason for existing. We are fueled by our desire to care, deliver, evolve, for the benefits of our customers and the future we share.

It is why we relentlessly push products and processes to be safer, more efficient, more profitable and more sustainable.

Alleima at a glance

We are a leading manufacturer of high value-added products in advanced stainless steels and special alloys, as well as products for industrial heating, with strong market positions in a wide range of niche end-markets. Our offering, and expertise make our customers safer, more efficient, profitable and sustainable. With more than 900 active alloy compositions, our offering comprises products for several customer segments. 

SEK billion
Organic revenue
Adjusted EBIT margin
Direct sales
No. of employees
Recycled steel
Revenues by customer segment 
Oil and Gas
Chemical and Petrochemical
Industrial heating
Mining and Construction
Power Generation
Hydrogen and Renewable Energy
Revenues by geography
North America

Premium offering across three divisions 

We operate in three divisions and have a decentralized organizational structure.


Seamless tubes and other long products primarily for the Industrial, Chemical and Petrochemical, Oil and Gas, Mining and Construction, Power Generation and Transportation segments, and for the growing Hydrogen & Renewable Energy segment.
Revenues, SEK billion


Heating technology and resistance materials for the Industrial and Consumer segments, and ultra-fine wire in stainless steel and precious metals for the Medical segment.
Revenues, SEK billion


Precision strip steel products primarily for the Consumer, Medical, Industrial and Transportation customer segments, and pre-coated strip steel products primarily for the Hydrogen and Renewable Energy segment.
Revenues, SEK billion

Successful listing on Nasdaq Stockholm

2022 was a historic year. Sandvik Materials Technology was separated from Sandvik, rebranded Alleima, and listed on Nasdaq Stockholm as a standalone company on August 31.

“An exeptional year for Alleima”

“An exceptional year for Alleima”

2022 marked the beginning of a new era for us, our customers, and our owners. Following the separation of Sandvik Materials Technology from the Sandvik Group, we were listed as Alleima on Nasdaq Stockholm. During our first year, we had strong momentum in the market, we continued to deliver on our strategy and completed several carefully selected acquisitions.

Göran Björkman,
President and CEO

Customer segments and offering

Alleima has strong market positions across a wide range of niches in industries where material requirements, as well as product quality and reliability demands, are extremely high. Our diverse customer segment exposure reduces volatility over the business cycle.

Financial targets

Organic growth

Deliver profitable organic revenue growth in line with or above growth in targeted end markets over a business cycle


Adjusted EBIT margin (exluding metal price effects and items affecting comparability) to average above 9% over a business cycle

Capital structure

Net debt in relation to Equity below 0.3x

Dividend policy

Dividend on average 50% of net profit (adjusted for metal price effects) over a business cycle. Dividend to reflect financial position, cash flow and outlook 

Being a sustainability driver is at our core

Sustainability is present in all aspects of our operations and is an integral part of our commercial strategy.

Fully integrated value chain

Our fully integrated value chain, from R&D to end product, leading metallurgy expertise and global presence, ensures industry-leading technology, quality, sustainability, and circularity.

Customer need identification across the value chain

A global footprint

Many of our customers operate globally. With production capacity on three continents, Alleima has created a platform to meet the customers’ complex needs. We have a well-invested production footprint including two steel mills and 26 production units, including three service units, spread across the globe. 

Sales in
R&D centers
sales offices
production sites across the globe

A strategic direction
building on four pillars

Our strategic direction is focused on strengthening our position as a technology leader, progressive customer partner, and sustainability driver. The strategy is based on four pillars for success: profitable growth, materials innovator and technology leader, operational and commercial excellence, and industry-leading sustainability.

Profitable growth
Materials innovator and technology leader 
Operational and commercial excellence 
Industry-leading sustainability 


The Tube division develops and manufactures seamless tubes and other long products in advanced stainless steels and special alloys.


Strip division develops and manufactures a wide range of precision strip steel products, compressor valve steel and also offers highly specialized pre-coated strip steel.


Kanthal division is a provider of products and services in the area of industrial heating technology and resistance materials.

Our proud history

Originates from the
foundation of Sandvikens Jernverk, and the industrialization of the Bessemer steelmaking process 
Seamless tubes Begins supplying the new power generation industry with seamless steel tubes
Seamless tubes Begins supplying the new power generation industry with seamless steel tubes
Duplex material
The first duplex material, SAF™ 2205 made it possible to extract oil in the North Sea (~100m)
Super-duplex SAF™ 2507 super-duplex umbilical tubes for deep-water oil extraction are introduced
Acquisition of Kanthal
Acquires Kanthal
to supplement the range of products in stainless steels and high-alloyed materials with products for industrial heating and resistance materials
New tube mill  A new state of the art tube mill for steam generator tubes for nuclear power is
inaugurated and opened for operation in Sandviken, Sweden
Divestment of Wire
Completes the divestment of its wire business, improving

Acquisition of Custom Electric Manufacturing
A manufacturer of original equipment and replacement heating elements
Acquisition of
Summerill Tube
A manufacturer of high precision tubes
Listed Company
Alleima is carved out of Sandvik and becomes a publicly listed company

Acquisition of Gerling
A precision tube engineering compay

Acquisition of Endosmart
A nitinol expertise company manufacturing medical devices
Leading supplierBecomes a leading supplier of cold rolled strip steel and flat wire
Stainless steel
Production start.
Already then, scrap from our own production was remelted in the new induction furnace
High-strength steel 
Develops high-strength steel for oil wells located at great depth in difficult conditions
Kanthal® APM
Introduces a powder-based alloy with exceptionally good form stability and oxidation resistance
Presents a full range of materials in iron-
chromium-aluminum (FeCrAl) and nickel-chromium (NiCr)
alloys that withstand high temperatures
Fine medical wire
Introduces Exera® fine wires and wire-based components for life-changing medical devices 
Acquisition of Thermaltek
A manufacturer of high temperature furnace
systems and metallic
heating elements
Acquisition of Accuratech Group
A niched medical wire
forming and component manufacturer

Introduces a compressor valve steel, that withstands tougher operating conditions, delivering higher energy efficiency