Swedish voestalpine company Uddeholm AB has invested in a new ESR furnace for the production of high performance tool steel, and this is now in operation.
In April 2015 ESR furnace No. 10 at Uddeholm AB in Hagfors, Sweden, started operation. Uddeholm is the worldwide market leader in the field of ESR tool steels, and this investment is intended to expand this position further. The market for ESR tool steel is growing rapidly, and the new ESR furnace ensures sufficient capacity to meet this demand.
Demand for the highest quality
Customers in this segment are demanding. Whether using the high-grade steels produced by long-standing company Uddeholm in automobiles or in entertainment electronics, they are looking for top quality – and that also means top steel purity. At Uddeholm, steel is produced using the electroslag remelting process (ESR) in order to meet these demands. This is a special melting process for producing highest quality steels with top purity parameters.
Focusing on this market segment has paid off; already half of Hagfors revenue is earned with ESR steels. Consequently, investment in this sector is expanding quickly, as demonstrated with the startup of the latest ESR furnace, No.10. Product startup was in April, and by mid-May it was already possible to run the furnace at full capacity. This is to be welcomed because the capacity of the new furnace is already fully booked.
New voestalpine corporate design
The voestalpine Group is marking the consistent implementation of its strategy and its changing self-image by updating its visual identity: its transformation from a European steel company to a global technology and capital goods group is now also being mirrored in its corporate design. The new visual identity combines tradition with future expectations, and increasingly symbolizes dynamism and a focus on the future.