Elmet Technologies

What Elmet Technologies does

Elmet Technologies LLC, founded in 1929 and headquartered in Lewiston, Maine, is the only U.S.-owned and operated fully integrated manufacturer of engineered tungsten and molybdenum products, supplying plate, sheet, rod, wire, foil, powder, fasteners, and precision-machined components to defense, aerospace, semiconductor, medical, and energy customers. The company's core technology stack rests on refractory metal powder metallurgy — including reduction of tungsten oxide to high-purity powder, press-and-sinter ingot production, hot and cold rolling, swaging, drawing, forging, and advanced machining — supplemented by additive manufacturing capabilities protected under U.S. Patent No. 12,571,080 covering binder jet printing and directed energy deposition of tungsten heavy alloys. Operations are anchored at the Lewiston, Maine ISO 9001- and AS9100-certified facility with more than 70 precision machines, an Ohio manufacturing site, and an emerging Elmet Coldwater LLC subsidiary supporting molybdenum supply. Elmet's business model is predominantly B2B direct sales under quote-based, multi-year contracts with aerospace primes and government agencies (NASA, Lockheed Martin, Raytheon, Teledyne), complemented by an e-commerce storefront for standard products, with revenue generated from hardware sales of mill products and machined parts. The company maintains ITAR registration and DFARS compliance as a precondition for participation in U.S. defense programs and reports revenue of $201.64 million for the twelve months ending December 31, 2025 ahead of its April 2026 Nasdaq IPO as The Elmet Group (ELMT), which raised $120.4 million primarily for debt reduction and growth capital.

Name

Elmet Technologies

Legal name

Elmet Technologies LLC

Website

http://elmettechnologies.com

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

251–500 employees

Short description

Elmet Technologies is the only U.S.-owned, fully integrated manufacturer of engineered tungsten and molybdenum products, supplying precision-machined refractory metal components to defense, aerospace, semiconductor, medical, and energy customers from its Lewiston, Maine headquarters.

Ownership category

akta.pro rank

Headquarters

HQ city

Lewiston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Refractory Metal Product Sales: Direct sales of molybdenum and tungsten products including plate, sheet, rod, wire, foil, powder, fasteners, and machined components. Revenue derived from manufactured mill products and precision-machined parts sold to defense, aerospace, semiconductor, medical, and energy customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Elmet Technologies is the only U.S.-owned and operated vertically integrated manufacturer of engineered tungsten and molybdenum products. The company produces mill products (plate, sheet, rod, wire, foil, powder, fasteners) and precision-machined components for defense, aerospace, semiconductor, medical, and energy customers. Manufacturing spans powder metallurgy, pressing, sintering, hot/cold rolling, swaging, drawing, forging, extrusion, machining, and additive manufacturing of refractory metals.

Differentiator

Problem solved

Functional benefit

Brands

• Elmet Additive: Additive manufacturing services for refractory metals
• C103
• Elmet Extrusion
• Elmet Forging Dies
• Elmet Glass Melting
• Elmet Kulite Tungsten
• Elmet Niobium
• Elmet Powders
• Elmet Rolling

Products and services

• Molybdenum Products Molybdenum mill products (plate, sheet, rod, wire, foil, powder, hex nuts, threaded rod, washers, fasteners) sold to defense, aerospace, semiconductor, medical, and energy customers.
• Pure Tungsten Products Pure tungsten mill products (plate, sheet, rod, wire, foil, powder, cubes) sold to defense, aerospace, and industrial customers requiring high-density and high-temperature performance.
• Tungsten Heavy Alloy (WHA) Products Tungsten heavy alloy bars and blocks including Kulite (WHA) bars, Class 1 Type 2 WHA bars, Class 1 Type 2 WHA blocks, and Class 3 Type 2 WHA blocks for defense and aerospace applications.
• TZM Products TZM alloy mill products (plate, rod, sheet) for high-temperature structural applications.
• Lanthanated Molybdenum (MoLa) Products Lanthanated molybdenum (MoLa) sheet for high-temperature applications requiring improved creep resistance over pure molybdenum.
• Elmet Additive Manufacturing Services Additive manufacturing services for refractory metals including binder jet printing and directed energy deposition of tungsten heavy alloys, offered to defense, aerospace, and industrial customers.
• Precision Machining and Fabrication Services Custom precision machining and fabrication of refractory metal components to customer specifications, supported by 70+ dedicated machines at the Lewiston, Maine ISO-certified facility.

Quantifiable outcome

• Contributed to NASA's Artemis II mission, demonstrating aerospace-grade manufacturing capabilities

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• EQ Resources Ltd (EQR)coreStrategic or Co-development Partner · 3 September 2024Strategic collaboration and multi-year offtake contract between Elmet Technologies (only U.S.-owned fully integrated tungsten manufacturer) and EQ Resources Ltd (Australian-listed tungsten mining company with active mines in Australia and Spain). Elmet invested A$2.0 million as advance payment to secure offtake allocation of tungsten concentrate estimated at A$30 million over five years. EQR granted Elmet 20,000,000 options as parties jointly pursue U.S. Government programs for critical materials supply. Collaboration aims to enhance global tungsten supply chain through combined Western raw material sources and manufacturing capabilities.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Kennametal Inc. Global manufacturer of tungsten carbide cutting tools, wear-resistant solutions, and metalworking products. Overlaps with Elmet in tungsten-based materials and serves aerospace, defense, and industrial markets, but specializes in cutting tools and wear parts rather than mill products.
• ATI (Allegheny Technologies): U.S.-based specialty materials manufacturer producing titanium, nickel, and refractory alloys including tungsten products for aerospace, defense, and energy markets. Comparable business model in specialty metals manufacturing and similar aerospace/defense customer base.
• Mersen: French-based global manufacturer of specialty graphite and refractory materials serving semiconductor, aerospace, and process industries. Comparable in high-temperature materials and precision components, with broader product portfolio across multiple specialty materials.
• Sandvik (Kanthal division): Swedish engineering group with Kanthal division producing heating technology and resistance materials including molybdenum disilicide. Overlaps with Elmet in refractory metal applications for high-temperature industrial processes, particularly furnace and heating element markets.

Direct peers

• Plansee Group: Austrian-based global leader in refractory metals including tungsten and molybdenum mill products, machined components, and high-temperature applications. Most direct comparable peer across product portfolio and end markets in aerospace, semiconductor, and industrial processing.
• Materion Corporation: U.S.-based specialty metals and advanced materials manufacturer serving aerospace, defense, semiconductor, and energy end markets. Comparable business model in specialty metals manufacturing with similar customer profile in defense primes and high-tech industrial customers.
• Global Tungsten & Powders Corp. Manufacturer of tungsten and molybdenum powders and mill products serving lighting, electronics, and industrial markets. Direct competitor in tungsten powder metallurgy with overlap in refractory metal chemistry.
• H.C. Starck Tungsten (Masan High-Tech Materials): German-headquartered tungsten manufacturer (now owned by Masan) producing tungsten and molybdenum powders, components, and fabricated parts. Direct competitor across tungsten chemistry, powder metallurgy, and mill products serving similar industrial and high-tech applications.

Regional players

• Toyo Tanso: Japanese manufacturer of specialty graphite and refractory carbon products serving semiconductor, metallurgy, and industrial markets. Comparable in high-temperature specialty materials manufacturing with regional focus on Asia-Pacific customers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elmettechnologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elmet Technologies