To meet the demands for use in extremely abrasive and corrosive environments, a new material was developed. The VeKo25Cr distinguishes itself through specifically selected amounts of carbon and carbide forming elements such as Cr, Mo, V, W and Nb. The alloy is based on a Fe matrix. The strength after heat treatment and the wear and corrosion properties are compared to those of other materials. VeKo25Cr can be combined with easy-to-process materials such that the difficult handling is minimized to those places on the piece most subjected to operational wear.