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

Alleima has received a major order for advanced tubes; umbilicals, for the Oil and Gas customer segment, to a total value of approximately SEK 520 million.

The order is valued to approximately SEK 520 million will be used for an offshore project in South America. It is classified as a major order (i.e. above SEK 200 million) and will be reported in the Tube division. The order was booked in the first quarter of 2024 and deliveries are scheduled between the end of 2024 and the beginning of 2025.

"Once again Alleima is chosen as a trusted supplier for high value-added products, umbilical tubing. Our prospect list is robust and growing, and we are well positioned to continue winning orders in the coming year," says Nigel Haworth, President of Business Unit Energy, Tube division.

Sandviken, January 31, 2024

Alleima AB (publ)

Contact details

Emelie Alm, Head of Investor Relations
[e-mail]
Phone: [phone]

Yvonne Edenholm, Press and Media Relations Manager
[e-mail]
Phone: [phone]

About Alleima
Alleima, 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, had approximately 6,500 employees and revenues of about 21 billion SEK in about 80 countries in 2023. The Alleima share was listed on Nasdaq Stockholm's Large Cap list on August 31, 2022 under the ticker 'ALLEI'. Learn more at www.alleima.com.

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