PRESS RELEASE - for immediate release

SHERBROOKE (QUEBEC, CANADA), June 28^th, 2018 – Tekna Plasma Systems Inc., a leading provider of metal powder solutions, has unveiled its plans to expand its global manufacturing output and boost its innovation capability. These investments reflect the company’s long-term commitment to the 3D printing and microelectronics markets. 

Investment Outline – Scaled-Up Capacity

TEKNA’s project will help the company increase its global metal powder manufacturing capacity to over 1000 tons per year, in line with the growing demand of its active customer base. A first expansion phase in Canada and in France is set to be running full scale by Q3 2018 and will provide Tekna with an extra annual capacity of 250 tons.

Investment Outline – Product Innovation

The project will also broaden Tekna’s innovation capability with state-of-the-art research facilities in Canada that will serve as the corporate hub for the development and industrialization of new equipment and materials.

Quotes

“Building on a portfolio of over 100 cutting-edge metal powder options, as well as on our global manufacturing and sales infrastructure, these investments will ensure that Tekna maintains its leadership position with some of the broadest ranges of metal powders and one of the greatest capacities available to the 3D printing and microelectronic markets serving the supply chains of giants in the aerospace, automotive, biomedical and microelectronics industries.”

– Luc Dionne, Chief Executive Officer, TEKNA Plasma Systems Inc.

“This investment project, though unprecedented, builds on 28 years of commitment to excellence and is strategic to the company’s development, growth, and prosperity.”

- Morten Henriksen, Chair of the Board, Tekna Holdings Canada Inc.

Investments

Tekna 5-year investment plan could reach up to $128 millions depending on market development and will benefit from $33 millions in government financing. The plan includes expanding manufacturing floor space, the purchase of production equipment and resources for product development efforts. 

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 (AFK.NO), was founded on January 30, 1896 and is headquartered in Arendal, Norway. AFK is a Norwegian industrial and financial corporation emanating from hydro power production. The company today owns the majority share in EFD Induction Group, NSSL Global Ltd, Cogen Energia, Scanmatic AS, Markedskraft AS, Wattsight AS and Powel ASA, as well as a portfolio of financial investments. AFK is listed on the stock exchange in Oslo, Norway.

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