The shares of global manufacturer of advanced stainless steels, special alloys and heating systems for the most demanding industries Alleima commenced trading on Nasdaq Stockholm on 31 August marking the start of Alleima as a fully independent company after being part of Sandvik. The name Alleima is a combination of the words alloy and material, two core strengths of the company. Alleima President & CEO Mr Göran Björkman said “This is a historic day for our company and an important step to build for the future. We are the result of nearly 160 years of collective minds, working together with our customers. Today Alleima is a world-leader in its fields and a strong performer in its industry. As a standalone company, Alleima will have the right prerequisites to realize its full potential and the best possible conditions for growth and value creation.”The Annual General Meeting of Sandvik AB decided on 27 April 2022, to distribute all shares of Alleima AB to the shareholders of Sandvik AB. Shareholders of Sandvik AB as per the record date 29 August 2022 have received one share in Alleima for every five shares held in Sandvik.Alleima, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Its offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production.