Sandvik Materials Technology, the Sweden-based producer of metal powders, has announced that it will invest about $24.8 million in a new plant for manufacturing of titanium and nickel fine metal powders. The investment will complement the company’s existing powder offering and strengthen Sandvik's position in the growing markets for metal powder and metal additive manufacturing. The company’s stainless steel, nickel-based and cobalt-chromium powders, made in the United Kingdom and Sweden, are sold throughout Europe, North America and Asia.