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- Elkem buys TM Technology Ltd
Elkem buys TM Technology Ltd.
Elkem ASA has acquired the UK company TM Technology Ltd. and its production of the foundry alloy, Tenbloc®. Tenbloc® is used for in the mould inoculation of ductile and grey iron.
Elkem ASA is based in Norway, and one of the world’s leading companies for environmentally responsible production of materials. Elkem manufactures a wide range of inoculants, MgFeSi alloys and preconditioners for the production of cast iron.
Elkem is a global leader in metal treatment solutions to the cast iron industry and a supplier of high quality ferrosilicon to the steel industry. This acquisition will strengthen Elkem’s position in this market and the ability to provide customers a wider range of specialized products.
“Our customers need different solutions for their metal treatment processes. At Elkem we want to support our customers‘ success with reliable premium products and by sharing our experience in process improvement. With Tenbloc in our portfolio Elkem is able to extend the offering and meet customer demands even better.” says Roland Hennigfeld, Global Sales and Marketing Director in Elkem.
The TM Technology Ltd plant is located in Dronfield UK, and will be rebranded as Elkem Dronfield Ltd.
The acquisition was completed on March 16, 2018
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based advanced materials with operations throughout the entire value chain from quartz to specialty silicones, as well as attractive market positions in specialty ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company’s 27 production sites and extensive network of sales offices and agents around the world ensure proximity to customers and access to attractive end markets. Elkem’s over 6000 skilled employees and significant R&D activities provide a solid basis for further technology-driven growth.
About TM Technology
TM Technology Ltd has been an integral part of the Tennant Metallurgical Group Ltd, which was originally established in 1794. TM Technology Ltd has developed Tenbloc as a unique in the mould inoculant block which provides consistent, reliable and cost-effective inoculation for ductile and grey iron.
Should you have any questions arising from this notification please feel free to contact:
- Mr. Roland Hennigfeld - VP Sales and Marketing Elkem Foundry, Phone: +49 172 211 3950
- Mr. Ian Cunningham - Managing Director TM Technology Ltd, Phone: +44 7887 687004
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