Storvik

What Storvik does

Storvik is a Norwegian mechanical and technical company founded in 1913 by Nils Storvik as a small smithy in Sunndal, Norway, which today operates as a private industrial group through Storvik-Holding AS across 6 locations in Norway, the Czech Republic, Iceland, and the United States. The company serves primarily the global primary aluminum industry — including smelters, casthouses, and rolling facilities of operators such as Alcoa, Hydro, Elkem, Novelis, Emirates Global Aluminium (EGA), and Rio Tinto Alcan — with adjacent exposure to hydropower, oil and gas EPC, ferro-alloy and silicon metal, marine/offshore, and road-works customers. Approximately 150+ employees deliver these services across the Storvik Group.

Name

Storvik

Legal name

Storvik AS

Website

https://storvik.no

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

101–250 employees

Short description

Storvik is a 113-year-old Norwegian mechanical and technical company serving primary aluminum smelters and the wider process industry with proprietary cast iron consumables, engineering services, robotic automation systems, and on-site maintenance across 6 locations in 4 countries.

Ownership category

akta.pro rank

Product category

Industrial Cast Products & Process Equipment

NAICS

Iron Foundries (331511), Steel Foundries (except Investment) (331513), Aluminum Foundries (except Die-Casting) (331524), Plate Work and Fabricated Structural Product Manufacturing (33231), Metalworking Machinery Manufacturing (33351)

SIC

Iron & Steel Foundries (3320), Metalworkg Machinery & Equipment (3540), Sheet Metal Work (3444)

akta.pro primary industry

Aluminum Casting & Ingot/Billet/Slab Production (IMAKACAE)

akta.pro secondary industries

Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD), Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO)

Keywords

• Industrial cast products
• Casthouse engineering services
• Aluminum smelter equipment
• Process industry fabrication
• Mechanical maintenance services

Headquarters

HQ city

Sunndalsøra

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cast Products and Consumables: Design and production of high-quality cast iron and steel products including sow molds, ingot molds, tapping pipes, furnace tending tools (skimmers, stirrers), bath tapping lids, crucibles, bath grabs, crust breakers, gas skirts, and dross/drain pans. Products are sold with extended lifetimes (8-10x vs competitors) providing excellent total cost of ownership.
2. Engineering and Project Management Services: Comprehensive engineering services including project planning, mechanical engineering, process improvement, product development, system engineering, electrical and automation, FEM analysis, and turnkey project delivery for the casthouse sector.
3. Mechanical Maintenance and Modifications: On-site maintenance, repair, and modification services for electrolysis and casthouse equipment, including periodic inspections, servicing, and workshop services across 5,500 m² facility.
4. Machine Building and Fabrication: Custom machine building services from design and fabrication through assembly, testing, and installation, handling components from 5 kg up to 50 tonnes. Combines in-house engineering with global production network.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Storvik designs, manufactures, and supplies specialized cast iron products (built around its proprietary PjN-G iron quality structure), engineered machinery and robotic automation systems, and full-scope mechanical maintenance, modification, and project management services. Its primary market is aluminum smelters and casthouses, with additional work for hydropower, oil & gas, ferro alloy, marine/offshore, and road works customers.

Product overview

Storvik is a mechanical and technical company specializing in products and services for the process industry, particularly the aluminum sector. The company operates on a platform-plus-services model, offering four interconnected core service areas: (1) Project and Engineering Services for casthouse and process optimization including FEM analysis and automation; (2) Cast Products including proprietary PjN-G iron quality structures and ICON technology for sustainability, plus a comprehensive range of furnace tending tools (stir tools, skim tools, alloying cages), tapping pipes, sow and ingot molds, and related consumables; (3) Machine Building and Fabrication from 5kg components to 50-ton systems; and (4) Maintenance and Modification services. The product portfolio includes specialized robotic systems (welding and grinding), and all offerings are available through their online Storvik Shop. With 113 years of experience, the company combines local Norwegian manufacturing expertise with global reach across 6 locations in 4 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Cast Iron Stir Tools Standardized and custom-cast iron stir tools (multiple sizes) used in aluminum casthouse bath stirring operations; sold through Storvik's shop and direct sales, leveraging the PjN-G iron quality structure for extended service life.
• Cast Skim Tools Cast iron skim tools used to remove dross and oxides from molten aluminum in casthouse operations; sold to aluminum smelters through Storvik's shop channels.
• Cast Iron Alloying Cages Cast iron alloying cages (multiple configurations) used to introduce alloying elements into molten aluminum inside casthouse furnaces; sold to aluminum smelters and via the Storvik shop.
• Sow and Ingot Molds Cast sow and ingot molds for shaping aluminum sows and ingots during casting; sold to primary aluminum producers and casthouse operators.
• Tapping / Heating Pipes Cast tapping and heating pipes used in casthouse operations to transfer and hold molten aluminum; sold to aluminum smelters.
• Robotic Welding and Anode Yoke Handling Line Custom-engineered robotic welding and anode yoke handling systems delivered to aluminum smelters and casthouse equipment builders such as Protech.
• Robotic Grinding Machines Robotic grinding machines engineered for finishing casthouse components such as anodes and yokes, supplied to aluminum smelters and casthouse operators.
• ICON Sustainable Casthouse Technology ICON is Storvik's sustainability-focused casthouse technology platform designed to reduce CO2 emissions and improve energy efficiency in aluminum smelter casthouse operations.
• Project and Engineering Services Engineering and project management services covering design, analysis, and execution of mechanical and process-industry projects for aluminum, hydropower, oil & gas, ferro alloy, marine/offshore, and road works customers.
• Machine Building and Fabrication Services Custom machine building, steel fabrication, and CNC-based manufacturing services using in-house CNC plasma cutting tables, lathes, and milling machines to deliver mechanical assemblies for process-industry customers.
• Mechanical Maintenance and Modification Services On-site and workshop-based mechanical maintenance, modification, and lifecycle support services delivered to aluminum smelters and other process-industry plants, including robotic maintenance engagements at sites such as Alcoa.

Quantifiable outcome

• Furnace tending tools last 8-10x longer than conventional alternatives due to PjN-G iron quality structure
• +5 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core, minor, major and significant.

• ElkemcoreStrategic or Co-development Partner · 30 April 2025New 3-year framework agreement signed April 30, 2025 (with option to extend for 2 additional years) continuing the strong collaboration. Previous agreement signed in 2018. Covers delivery of cast iron products to Elkem's 7 locations in Norway and Iceland, multimillion-dollar value.
• HycastcoreStrategic or Co-development Partner · 4 April 2025New framework agreement signed in April 2025 formalizing and further developing the strong collaboration the companies have enjoyed over time. Deepens existing working relationship.
• Roge ASminorGTM or Marketing Partner · 8 March 2023Collaboration agreement signed March 8, 2023. Roge AS manufactures the patented ROGE cuff® for industrial pipe systems. The cuff can be installed in minutes without disassembling or stopping production. Storvik provides distribution and access to its industrial customer base.
• Lutze Conveying NorwayminorChannel Partner/ Reseller/ Distributor · 9 December 2021Partnership to strengthen position towards customers needing service and maintenance of conveyor belts and accessories in the region. Companies have cooperated for many years but entered closer cooperation in December 2021.
• RKL Slevarna s.r.o.coreStrategic or Co-development Partner · 17 January 2020After several years of negotiations, Storvik succeeded in becoming a co-owner of the Czech iron foundry RKL, strengthening its cast products manufacturing capabilities in Europe.
• Heggset Engineering AScoreStrategic or Co-development Partner · 22 December 2016Acquired by Storvik-Holding AS on January 1, 2017 (accounting effect). Based in Kristiansund, the company added engineering capabilities to the Storvik Group, relocated to Technoport.
• Innovation NorwaymajorGTM or Marketing PartnerInnovation Norway has been an indispensable partner for Storvik's export initiatives. They fund parts of contracts (e.g., development of new technology for baked anodes with Hydro Aluminium Sunndalsøra) and support feasibility studies for R&D products.
• AinirsignificantStrategic or Co-development PartnerStorvik and Ainir are collaborating to develop a container-based solution for processing plastic hospital packaging. Pilot unit currently under construction, expected to begin operation at a major Oslo hospital in autumn.
• DNVminorOthersDNV serves as Storvik's certification body for quality and environmental management systems (ISO 9001, ISO 14001) and occupational health and safety standards (ISO 45001).
• Protech (Subsidiary)coreStrategic or Co-development PartnerDaughter company in Sunndalsøra that installed automatic process line for robotic welding and handling of anode yokes, based on same principles as the line at Alcoa Mosjøen.
• BDO / KBK / Sparebank1 Nordmøre (Action Now Network)minorStrategic or Co-development PartnerStorvik participates in the sustainability network project 'Action Now', collaborating with BDO, KBK in Kristiansund, and SpareBank1 Nordmøre to promote UN sustainability goals through local business engagement.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Foseco (Vesuvius plc): Foseco, part of Vesuvius plc, is a global leader in foundry consumables and technology for iron, steel, and aluminum foundries. Broad incumbent supplying consumables (including refractory and metallurgical products) that compete with Storvik's cast products in aluminum casthouses and foundries.
• Danieli Group: Danieli is an Italian global supplier of equipment and plants for the metals industry, including aluminum casthouse solutions. Broad incumbent competing with Storvik's machine building, fabrication, and engineering services for aluminum producers.
• Fives Group: Fives Group is a major French industrial engineering group with significant aluminum industry exposure (Fives ECL, Fives Pillard). Broad incumbent offering casthouse, smelter, and process equipment solutions, competing at the project/EPC level with Storvik's engineering services.

Direct peers

• Almex Group: Almex Group is a Netherlands-based supplier of aluminum casthouse and extrusion equipment. Direct peer offering melting, casting, homogenizing, and billet casting technology to aluminum producers globally.
• Pyrotek: Pyrotek is a global supplier of consumables, equipment, and engineered systems for the aluminum, foundry, and glass industries. Direct peer providing cast products, refractory solutions, and casthouse equipment to the same aluminum customer base.
• Wagstaff Applied Technologies: Wagstaff manufactures aluminum casting equipment including molds, tables, and direct chill casting systems. Direct peer producing specialized cast products and equipment for the aluminum casthouse segment with comparable customer base of primary smelters.
• STAS Inc. STAS is a Canadian-based global supplier of aluminum casthouse equipment, melting furnaces, and automation solutions. Direct peer offering comparable casthouse engineering, equipment, and consumables to primary aluminum producers worldwide.
• Hycast: Hycast is a Norwegian casthouse equipment supplier specializing in aluminum melting, holding, and casting systems. Direct peer as it serves the same Norwegian aluminum industry customers (Hydro, Alcoa) with complementary casthouse technology and engineering services.

Regional players

• Sunndal Industriomstilling: Local Norwegian industrial service providers in the Sunndalsøra/Møre region cluster serving the Hydro Sunndal smelter ecosystem. Regional player operating in the same geographic niche with overlapping maintenance and fabrication services to process industry clients.

Others

• Hatch Ltd. Hatch is a Canadian engineering and project management firm with deep aluminum industry expertise providing EPCM services. Comparable as an engineering services provider serving the same aluminum smelter customers for major capital projects.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/StorvikGroup
• LinkedInlinkedin.com/company/storvik-group
• Instagraminstagram.com/storvikgroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Storvik