PRESS RELEASE - For immediate release

SHERBROOKE (QUEBEC, CANADA) November 6, 2018 – Tekna announces the launch of its activities in industrial powder production in Europe.

Tekna has recently made a €5M investment for the production of spherical powders intended for additive manufacturing at its new industrial site in Mâcon, France. The site can accommodate various specialized plasma atomizers enabling the manufacturing of a variety of strategic materials and alloys. The first batches of spherical powders produced will be shipped to its clients in November 2018.

The production volume on site will be capable of achieving 400 to 500 tons and will also increase Tekna’s annual global capacity to over 1000 tons. Replicating its production means and processes in Europe will ensure that Tekna perfectly duplicates its powder production activities and provides a continuous supply to its clients.

In addition to the start-up of powder production, the new site hosts the European Customer Service Center and a laboratory dedicated to quality assurance and the development of new powders. 

“In line with the rapid growth of our activities, this major investment enables us to provide our clients with closer support while accounting for the safeguarding of their supply chain and volume expansion, in addition to controlling costs and logistical risks,” stated Rémy Pontone, Vice-President, Sales and Marketing, and Managing Director of Tekna Plasma Europe SAS.

“At Tekna, we guarantee our clients high-quality products that are always delivered on schedule at the best costs. I would like to acknowledge the technical and manufacturing teams on site who have contributed to successfully completing this strategic project. As a result, it is our clients who are the big winners,” added Tekna’s CEO, Luc Dionne.

About Tekna

TEKNA is a subsidiary of Arendals Fossekompani ASA (AFK) with its headquarters located in Sherbrooke, Canada. The company operates manufacturing centres in Canada and France, as well as sales and distribution offices in China, India, and South Korea.

A leader in the advanced materials industry, TEKNA develops and produces high-purity metal powders for applications such as 3D printing and microelectronics, as well as optimized induction plasma systems for industrial research and production.

Building on more than 28 years of delivering excellence, TEKNA is a global player recognized for its quality products and its commitment to a multinational base of clients, who are leaders in their respective markets.

About Arendals Fossekompani

Arendals Fossekompani ASA is a diversified power and investment group listed on the Oslo Stock Exchange. The Group has a number of subsidiaries with a total of 2,100 employees.

Arendals Fossekompani owns and operates three hydro power stations in the Arendal area, in addition to holding a substantial portfolio of both industrial and financial investments. Revenues in 2017 was approx. NOK 4.4bn.

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