Feb 6, 2018 | By Tess
Sandvik, the Swedish engineering company, is investing about 200 million SEK ($25 million) to establish a new facility for manufacturing fine metal powders for additive manufacturing applications. The facility will fall under the company’s Materials Technology division.
According to Sandvik, the plant will be equipped for producing titanium and nickel-based powders, adding to the company’s existing metal powder offering which includes stainless steel as well as nickel-based and cobalt-chromium alloys. The expansion is set to bolster Sandvik’s current position in the metal powder and metal 3D printing sectors.
“This investment is an enabler for future growth and means that we are expanding our metal powder offering to include virtually all alloy groups of relevance today,” said Annika Roos, the head of product area powder at Sandvik Materials Technology. “In addition, it will also support the overall additive manufacturing business at Sandvik.”
The new powder manufacturing facility will be built in Sandviken, Sweden and will produce powders destined for the European, North American, and Asian markets. Conveniently, the plant will be located within a short distance from an in-house titanium raw material supply and the company’s additive manufacturing center.
"The metal powder segment and the additive manufacturing business are of increasingly strategic importance to us. This investment should be viewed as the latest evidence of our commitment to an area that we believe strongly in," said Göran Björkman, President of Sandvik Materials Technology.
Sandvik says the metal powder facility is expected to be up-and-running by 2020.
Posted in 3D Printer Company
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