Industry News

Sandvik acquires Almü expanding market presence with lightweight aluminium components

Views : 156
Update time : 2024-04-11 17:35:14
Sandvik has inked a deal to acquire Almü Präzisions-Werkzeug GmbH (Almü), a renowned cutting tool and solution provider for aluminium machining in Germany. This acquisition highlights Sandvik's commitment to catering to the increasing demand for lightweight aluminium components, particularly in the automotive sector, as the transition towards electric vehicles continues.
The acquisition of Almü is a testament to Sandvik's dedication to enhancing its position in lightweight materials. With a focus on high-precision drilling, reaming, milling, and tooling systems, Almü aligns perfectly with Sandvik's vision to offer innovative solutions for lightweight components, especially in the automotive industry.
Related News
Read More >>
South Africa launches critical minerals strategy, opens new mining law for public comment South Africa launches critical minerals strategy, opens new mining law for public comment
May .22.2025
South Africa launches critical minerals strategy, opens new mining law for public comment
China's iron ore production declines in Jan-Apr China's iron ore production declines in Jan-Apr
May .22.2025
China's iron ore production declines in Jan-Apr
US’ steel coil exports go up in Mar US’ steel coil exports go up in Mar
May .22.2025
US’ steel coil exports go up in Mar
US increases CRC imports in Mar US increases CRC imports in Mar
May .22.2025
US increases CRC imports in Mar