Oct.1, 2013
Stratasys Asia Pacific, a subsidiary of 3D printing company Stratasys Ltd. today announced the opening of its local office in Singapore. The new office will enable Stratasys to meet the demands of its Asean-based customers and the local 3D printing market.
"Adoption of 3D printing, particularly in the Asia Pacific region, has increased significantly in the past few years." said Jonathan Jaglom, general manager for Asia-Pacific and Japan at Stratasys. "In addition to Singapore, other governments, including China and Japan, have also stated their support for the industry. We expect adoption to grow in the region."
The Singapore government recently announced the support of the industry with an investment of S$500 million over the next five years under its "Future of Manufacturing" program. This program is designed to drive the development and adoption of advanced manufacturing technologies. Stratasys has been serving customers in the South East Asia and in particular, in Singapore, for many years and the new local operation allows Stratasys to capture the new opportunity in Singapore.
The company is optimistic about the Asian market. Stratasys had revenues of $US359 million ($383 million) in 2012 and the Asia-Pacific region accounts for about a quarter of the company's sales.
Stratasys has now six offices in Asia: Two in Japan, two in China (in Shanghai and Hong Kong where it has its regional headquarters), one in Singapore and a small office in India.
Posted in 3D Printing Company
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