A Swedish engineering group in metal-cutting and materials technology recently announced that it will invest about $24.5 million in a new plant for manufacturing of titanium and nickel fine metal powders near its raw material supply and additive manufacturing center in Sandviken, Sweden.
The group’s investment within Sandvik’s Materials Technology will complement its manufacture of broad stainless steel, nickel-based, and cobalt-chromium alloys in the United Kingdom and Sweden. Sandvik powders reach sectors throughout Europe, North America, and Asia through the Osprey™ brand.
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 facility is expected to be operational during 2020.
