Alleima is well positioned for profitable growth through its exposure to global megatrends. Business development and growth investments are key elements of the strategy for a long-term improved and more profitable product mix in all customer segments, with complementary acquisitions in selected niches.
Capital allocation focusing on prioritized segments
Alleima has a capital allocation strategy where business development, growth investments, and acquisitions will primarily be prioritized for the four customer segments of Industrial Heating, Medical, Chemical and Petrochemical, and Hydrogen and Renewable Energy. Within these segments, which are characterized by higher growth, lower cyclicality and capital intensity, Alleima has a leading market position and good growth opportunities. The ambition is that 45% of sales will come from the prioritized segments by 2030, and to improve the product mix within all other customer segments.
Strong position in energy – today and in the future
Alleima has held a strong position in the energy sector for a long time. The industry is undergoing a transition towards more sustainable energy production, where Alleima will play a crucial role thanks to long-standing customer relationships and leading metallurgy. The company is establishing an increasingly strong footprint in renewable energy, such as solar, wind, and geothermal power, as well as in hydrogen and biofuels. The Nuclear segment, where Alleima has been active for over 60 years, is also expected to grow as the need for fossil-free energy increases. Additionally, the Oil and Gas segment is expected to contribute significant business for a long time to come. During the year, Alleima launched a new alloy with clear advantages for both customers and the environment, where the tubes can be made thinner, thereby reducing material consumption.
Medical – a growing part of Alleima
Generally better living conditions combined with medical advances are expected to lead to an increasingly older global population, which is expected to drive an increased investment need in medical devices. Alleima manufactures, among other things, ultra-fine medical wire for various sensor applications, an area that bene- fits from the increasing use of remote monitoring in healthcare. There are good opportunities to continue to develop and expand the medical offering to meet the growing demand, both through growth investments and acquisitions.
Alleima’s nitinol basket at the tip of the FlexStoneTM precision surgical instrument.
Enabling electrification of the industry
About 75% of industrial furnaces currently run on fossil fuels, and there is a great need to reduce global emissions. As a leader in high-temperature solutions for electric heating, Alleima plays an important role in the industrial transition toward more sustainable production methods. By offering solutions for electrification, Alleima is facilitating the transition to a more sustainable and energy-efficient industry.
Growing opportunities in Asia
With a strong local presence, Alleima offers premium products to the growing Asian market. Demand is driven by economic growth and an expanding middle class in the region, particularly in China and India. Increased production of food, plastics and renewable energy is contributing to the creation and expansion of chemical and petrochemical plants, for which Alleima provides solutions for the most demanding applications.
