Aperam and Tekna establish new metal powder company ImphyTek Powders
November 30, 2019
Aperam S.A., Luxembourg, and Tekna, a subsidiary of Arendals Fossekompani ASA with its headquarters in Sherbrooke, Canada, have approved the framework of a global joint venture which will combine their expertise to create nickel and speciality alloy spherical powders through newly-established company ImphyTek PowdersTM SAS.
Aperam is a global provider of stainless, electrical and speciality steel, and is organised across three primary segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties. The company has 2.5 million tonnes of flat stainless and electrical steel capacity in Brazil and Europe. In 2018, it reported sales of €4,677 million and steel shipments of 1.97 million tonnes.
Tekna develops and produces high-purity metal powders for applications such as AM and microelectronics, as well as optimised induction plasma systems for industrial research and production. The company has manufacturing centres in Canada and France, as well as sales and distribution offices in China, India, and South Korea.
The formation of the new joint venture results from an earlier Memorandum of Understanding (MoU) agreed by the companies in 2018, in which Tekna and Aperam partnered to develop high-quality spherical powders for metal AM and Metal Injection Moulding (MIM).
ImphyTek PowdersTM SAS will be based in France and market Aperam and Tekna’s jointly-developed metal powders to the AM and MIM industries.