History
Thanks to a long tradition and devoted personnel, Erasteel has achieved a high standard of quality and experience in the processing of Powder Metallurgy steels and High-Speed Steel. A policy of continuous investments enables Erasteel to use the latest technologies in order to improve quality and productivity and develop new products in line with customers' needs. The company has established strong positions on high added -value products and serves the tooling, the automotive, the aerospace, the energy and other industrial markets.
Erasteel has 6 production sites, as well as 6 service centers and 12 sales offices on all continents.
France
Sweden
Creation of Vikmanshyttan Steel Factory
Reports state that at that time, steel manufacturing has already begun
Creation of Langshyttan Factory with two blast Furnaces
Reports state that at that time, 2 blast furnaces have been installed. The plant is run by 32 local farmers.
Creation of Söderfors anchor production
Claes Depken establishes an anchor forge at Söderfors. He had invented a method of forging new anchors with use of hydro powered hammers.
Langshyttan : Rolling mill installation
Installation of 5 hammer mills and production of pig iron and bar iron which were sent to the harbours to be exported.
Creation of Iron Factory in Commentry : commentryenne company des aciers fins
Start of the metallurgical activities in Commentry due to the presence of coal and iron mines in the area.
Langshyttan : Construction of a blast furnace of 15m height
Construction of a new 15-meter high blast furnace, the largest one in Sweden at the time
Langshyttan becomes Kloster AB
Kloster AB is formed with the merger of Kloster and small mills located near-by. A period of heavy investment follows (blooming mill, cold rolling mill, etc.)
VikmanshyttanInstallation of a new furnace for the production of high-speed steels
Installation of a new melting plant for high speed steel and in 1922, creation of the company Wikmanshytte Bruks AB
Creation of Acier de Champagnole
Creation of the Champagnole steelworks
Kloster AB becomes Fagersta Bruks
Fagersta Bruks is founded and the investments go on. Around 800 employees worked in the factory in the 60s.
Creation of Iron Factory in Commentry : specialized in High Speed Steel
The plant has specialized in the manufacturing of high speed steel products.
Creation of the company “Société Commentryenne des aciers fins”
Acquired by Stora
The company is purchased by Stora Kopparberg and starts producing high steel strips.
In 1969 : World first powder atomization
Acquired by Uddeholm
The company is purchased by Uddeholm
Acquired by UddeholmMerger with Kloster Speedsteel AB
Uddeholm and Fagersta put together their plants of Söderfors, Vikmanshyttan, Långshyttanand Österbybruk to form Kloster Speedsteel.
Acquired by Kloster Speedsteel AB
Kloster Speedsteel purchases the Champagnole activities.
Acquired by Eramet
The company is bought by ERAMET, a French mining group
Acquired by Eramet
ERAMET purchases Kloster Speedsteel and merges it with La Commentryenne to form Erasteel.
Acquired by Eramet
ERAMET purchases Kloster Speedsteel and merges it with La Commentryenne to form Erasteel.
Creation of Erasteel
ERAMET purchases Kloster Speedsteel and merges it with La Commentryenne to form Erasteel.
New ESH process for powder metallurgy
ESH reduces the content of oxide inclusions in the steel to the level of ESR-material
Acquisition of Peter Stubs, UK
ERAMET buys Peter Stubs company
New Dvalin™ process for powder metallurgy with exceptional cleanlines
Dvalin™ process : additional 90% of non-metallic inclusions removed
Opening of Durin, the world’s largest gas-atomizer in Söderfors, Sweden
Production capacity reaches 14,000 tons
Integration of VALMET's project
Transfer of industrial tools from the Palais sur Vienne and Feurs sites to the Erasteel site in Commentry, in the department of Allier (03), France
50 years of expertise in high speed steels powder metallurgy & it's not the end! ASP®50years
#ASP50years
Valdi becomes Erasteel Recycling
Erasteel Recycling has developed a unique pyrometallurgical process enabling it:
- to achieve a battery recycling efficiency rate of over 80%
- to bring to market recycled alloys containing high levels of strategic metals
- to be the only company in the word capable of providing recycled Ferronickel,
- to use of low carbon energy with one of the lowest carbon footprint in the world.
Erasteel acquisition by Syntagma Capital
Erasteel becomes a standalone company.