Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Alleima AB ( (SE:ALLEI) ) has issued an announcement.
Alleima’s Kanthal division, in collaboration with Danieli, is set to supply the first electric process gas heater for commercial use in Direct Reduced Iron (DRI) production at Emsteel’s plant in Abu Dhabi. This pilot project, based on Prothal® DH technology, aims to enhance energy efficiency and significantly reduce CO2 emissions, marking a crucial step towards emission-free ironmaking. The strategic partnership between Kanthal and Danieli, established in 2024, focuses on developing electric heating solutions for DRI plants, potentially transforming the industry by enabling retrofitting of existing plants and achieving substantial emission reductions.
More about Alleima AB
Alleima is a global manufacturer specializing in high value-added products in advanced stainless steels and special alloys, as well as industrial heating solutions. The company develops products for demanding applications across various industries, including energy, chemical, and aerospace, with offerings such as seamless steel tubes, precision strip steel, and ultra-fine wires. Alleima is headquartered in Sandviken, Sweden, employs around 6,500 people, and reported revenues of approximately 20 billion SEK in 2024.
Average Trading Volume: 414,195
Current Market Cap: SEK19.35B
For a thorough assessment of ALLEI stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue