Umicore Olen is charging for the future
On May 23, FLAG was invited to the inauguration of a new installation for the production of Cobalt powder, an investment of 11 million euro. The Co-powder is mostly applied for hardening metals and diamond-coated cutting tools. Another investment of 2,25 million euro is for the production of larger (6 inch compared to today’s standard 4 inch) Germanium wafers, a basis material for high-efficiency solar cells destined for satellite applications. In total seven investment projects were announced for a total of 50 million euro. The Olen site currently employs about 900 of which the companies R&D headquarter employs 218.