Following a successful cooperation over the past years, Alcoa and Danieli have agreed to license the intellectual property associated with advanced Micromill alloys and process technology, bringing the aluminium sheet technology to customers around the world.
Danieli Group and Alcoa announced that they have signed a letter of intent and will work toward an agreement to sell Micromill equipment and license the patented Micromill technology.
As part of the collaboration, Alcoa will grant Danieli exclusive rights to sell Micromill equipment. In addition, the companies will work together to license the Micromill alloys and process technology to potential customers around the world, initially targeting Europe, South America, and Southeast Asia.
“This agreement puts Alcoa’s disruptive Micromill technology on the fast-track to commercialisation,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “Micromill technology has the potential to change the face of the aluminium rolling industry – producing material with unrivalled characteristics, through a revolutionary manufacturing process. Our partnership with Danieli will move this proprietary technology from pilot plant to full-scale production, unlocking value for our shareholders and bringing high-tech metal to customers around the world.”