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Nashik, India manufacturer of tungsten carbide products for metal cutting, forming, and mining applications to provide new capabilities for meeting Hyperion’s growing demand in the Asia-Pacific region
WORTHINGTON, Ohio, March 17, 2026 (GLOBE NEWSWIRE) -- Hyperion Materials & Technologies, a leading global materials science company specializing in advanced hard and super-hard materials, has announced an agreement to acquire Electronica Tungsten Ltd (Electronica Tungsten) from the Electronica Group. Based in Nashik, India, Electronica Tungsten specializes in manufacturing tungsten carbide products for wear, metal cutting, and metal forming applications across oil and gas, mining, agriculture, and various other industries.
Electronica Tungsten offers a unique, vertically integrated tungsten platform in India, covering upstream conversion of mined tungsten ore concentrates into tungsten carbide and ready-to-press powders, as well as closed-loop recycling of both hard and soft tungsten scrap. By combining Electronica Tungsten’s upstream and recycling capabilities with Hyperion’s global leadership in tungsten carbide powders and products, the integrated company will enhance supply security, accelerate circularity, and deliver “powder-to-precision” solutions on a global scale.
“Electronica Tungsten is exactly the partner we need to strengthen our manufacturing footprint in Asia. With their four state-of-the-art manufacturing facilities and expertise in producing highly complex oil and gas wear products and other carbide solutions, Electronica Tungsten will help us better serve our customers in Asia as we deepen our customer relationships in the region,” said Mudassir Fajandar, Hyperion’s Senior Vice President for the APAC region. “This acquisition also improves our circularity of tungsten carbide by enabling in-house recycling of hard and soft scrap.”
Originally part of the Electronica Group established in 1975, Electronica Tungsten was formed in 2016 through a merger of manufacturing companies within the broader SRP Electronica group to focus on producing tungsten carbide powders, wear parts, and sintered blanks. Electronica Tungsten serves customers worldwide, including in APAC, Germany, and the United States.
“We are excited about the opportunity to combine our product portfolio with Hyperion’s R&D and materials science expertise to develop new products for India, Asia, and beyond,” said Adwait Dharmadhikari, Managing Director at Electronica Tungsten. “We believe our solutions will be a strong catalyst for expanding Hyperion’s growth.”
