Global Tungsten & Powders announces strategic cobalt partnership with Umicore
August 27, 2014
Global Tungsten & Powders Corp. (GTP), headquartered in Towanda, Pennsylvania, USA, has entered into a strategic partnership with Umicore for the tolling of GTP’s cobalt intermediate to cobalt metal powder. The cobalt intermediate is generated from GTP’s recycling centre where customers send their secondary raw materials to be converted to tungsten and tungsten carbide powders, cobalt metal powders, and tantalum carbide powders.
Umicore is a global material technology group headquartered in Belgium and is the largest cobalt metal powder producer in the hardmetals market. Umicore is a lead member of the CDI (Cobalt Development Institution) and its state of the art manufacturing facility is designed to meet and exceed safety and environmental standards.
“Teaming with a responsible partner like Umicore ensures GTPs continued strong commitment to environmental stewardship,” stated Dr Andreas Lackner, GTP’s President & CEO. “We are excited to enter into this exclusive, long-term agreement and believe that it will position GTP for future growth and better serve the needs of our customers.”
GTP, a division of the Plansee Group, has an additional manufacturing facility located in Bruntal, Czech Republic, and a secondary raw material collection centre in Kolkata, India. GTP’s primary emphasis is the manufacture of tungsten and molybdenum powders with additional emphasis on other specialty products. GTP is one of the largest manufacturers of tungsten powders in the world.
