Jul 12, 2017 | By Tess
The Mitsubishi Corporation, Japan’s largest trading company, recently signed two cooperation agreements that will see it invest in the city of Zhuhai’s metal 3D printing industry. The agreements were signed at the Zhuhai Service Trade Innovation and Development International Exchange Matchmaking Conference, which recently took place in China at the Zhuhai International Convention and Exhibition Center.
The conference saw the signing of a total of six cooperation agreements, one of which was between the Mitsubishi Corporation and the Xiangzhou District Government and Zhuhai Abbey Mould Design Co., Ltd., a molding company based in the region.
As stipulated in the 50 million yuan (US $7,366,482) contract, Mitsubishi will investigate Zhuhai’s medical, aerospace, and overall metal 3D printing industry, and will work together with Zhuhai Abbey Mould Design Co., Ltd to establish a new company that will, in turn, establish a layout for the Chinese city’s metal 3D printing industry.
Keiji Somada, the Mitsubishi Corporation's Industrial Equipment Division Chief, explained why the Japanese company is investing in Zhuhai’s metal 3D printing industry specifically. “In terms of metal 3D printing applications—for example, the medical industry, car industry, or aerospace—there are a lot of these type of enterprises in Zhuhai. Additionally, Zhuhai has a great human and natural environment as well as a positive investment environment.”
While the cooperation agreement has been signed, the final details, such as the total investment amount by the Mitsubishi Corporation and Zhuhai Abbey Mould Design Co., Ltd., are still being negotiated. No other details about the agreement have been divulged yet.
Headquartered in Tokyo, Japan, the Mitsubishi Corporation currently has more than 200 branches and has offices in roughly 80 countries around the globe. The company has already invested in 3D printing technologies, as it owns filament manufacturing company Verbatim, and has explored various 3D printing technologies through its various international research and development divisions.
Zhuhai Abbey Mould Design Co., Ltd., for its part, is a Chinese company that specializes in designing and manufacturing molds for a number of different applications. The company also specializes in 3D molding composite processing, plastic molding manufacturing, and product design.
The city of Zhuhai, located in China’s southern Guangdong province, is the home of several 3D printing ventures, including Zhuhai CTC Electronic, China’s leading 3D printing manufacturer. We’re eager to see what other exciting 3D printing projects come out of the Chinese city with Mitsubishi’s investment.
Posted in 3D Printer Company
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