Sandvik and Carpenter Technology to establish cooperation in the field of powder technology

Sandvik Materials Technology has decided to establish a strategic partnership with Carpenter Technology Corporation to further strengthen its position in the field of powder technology and advanced materials. As part of the arrangement, Sandvik AB will acquire 40% of the shares in Carpenter Powder Products AB and Carpenter Technology Corporation will acquire 40% of the shares in Sandvik Powdermet AB.Carpenter Powder Products AB manufactures high-alloy powder and is already one of Sandvik Powdermet AB’s suppliers. The joint venture will safeguard Sandvik’s supply of powder and Carpenter