Alleima invests $23.2 million to expand production of modern pipes in India

The Swedish company Alltime, specializing in the production of special steel, will invest about 220 million Swedish kronor, or $ 23.2 million, in the expansion of the existing plant in Mehsan, India. The project will strengthen its production capabilities for the production of modern pipes used in the chemical and petrochemical industries, as well as in the production of fertilizers and for the natural gas industry. The launch of additional capacities is scheduled for 2028 and is expected to shorten the delivery time to the regions and support individual export projects. рынки.

The company said that the project, based on the previous expansion completed in 2023, will allow organizing local production of pipes for modern fertilizers and increasing the production of pipes with a larger diameter. In addition, Alleima will expand production of precision tubes for compressed natural gas (CNG) fuel systems, as well as for hydraulic systems and instrumentation.

Joran Bjorkman, President and CEO of Alleima, said that the investment will help bring advanced production facilities closer to consumers amid growing demand from the Indian chemical, petrochemical and natural gas markets, as well as support the company's profitable growth strategy in India and neighboring countries.