Sandvik will invest approximately $25 million in a new plant for manufacturing titanium and nickel fine metal powders within the business area Sandvik Materials Technology. The investment will complement the company’s existing powder offering and strengthen its position in markets for metal powder and metal additive manufacturing. The facility, which is expected to be operational in 2020, will be located in Sandviken, Sweden, near in-house titanium raw-material supply and Sandvik’s center for additive manufacturing.
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.