Elmet Technologies

Despite unpredictable economic conditions, a number of Maine companies — of all sizes and across industries — are driving growth through mergers and strategic leadership changes. Here's a digest of recent news.

Proceeds will go toward debt repayment, working capital, growth capital and general corporate purposes.

Elmet, whose products had a role in the historic Artemis II flight to the moon last week, launched the roadshow for its proposed initial public offering.

High-density, high-strength, corrosion-resistance and the ability to withstand high tempereratures were key characteristics of parts for the crewed Artemis II mission.

Here’s a look back at 10 stories that shaped 2025, starting with a photo essay by photographer Tim Greenway from the 2025 Mainebiz Fact Book.

Now with three facilities, in Maine, New Hampshire and Germany, and over 145 employees, the deal could improve efficiency and accelerate innovation.

Elmet is the largest U.S.-owned producer of tungsten and molybdenum materials and products, with three U.S. facilities, including a Lewiston site.

The deal allows Elmet to expand its portfolio of materials that can be used to produce components for NASA and other high-performance applications.

The deal provides access to the only Western source of Western tungsten concentrate to support Elmet Technologies growth. The metal is key to defense, aerospace, medical, semiconductor and other applications.

Two Maine manufacturers and two contractors have been recognized with the 2023 Governor’s Awards for Business Excellence in four categories.