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Alleima receives a major order for advanced tubes; umbilicals for the Oil and Gas segment

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Alleima has received a major order for advanced tubes; umbilicals, for the Oil and Gas customer segment, to a total value of approximately SEK 280 million.

The order is valued to approximately SEK 280 million and was booked in the second quarter of 2023, and will be used for an offshore project in Brazil. The order is classified as a major order (i.e. above SEK 200 million) and will be reported in the Tube division. Deliveries are scheduled during mid-2024.

“Once again, we prove our strength as a supplier of high value-added tubular products, umbilicals for the Oil and Gas segment. The demand in the energy sector is strong and we are well positioned to continue to gain business in this field”, says Nigel Haworth, Acting President of Tube division.

Sandviken, June 14, 2023

Alleima AB (publ)

Contact details

Emelie Alm, Head of Investor Relations
emelie.alm@alleima.com
Phone: +46 (0) 79 060 87 17

Yvonne Edenholm, Press and Media Relations Manager
yvonne.edenholm@alleima.com
Phone: +46 (0) 72 145 23 42

About Alleima
Alleima AB, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 18.4 billion in 2022, has approximately 5,900 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com