thyssenkrupp is a technology group with long expertise in materials. The company has recently opened its new additive manufacturing TechCenter Hub in Singapore. This hub will serve as extension of its Germany-based facility in Mülheim an der Ruhr that opened its doors two years ago.
During the last few years, Singapore has been one of the leading proponents of AM in Asia Pacific. The region has received a lot of investments from European companies and has implemented initiatives to encourage this development. Companies like Ultimaker, DNV GL and Additive Industries have opened offices in the region to develop their market share in professional and industrial 3D printing.
As for initiatives brought by the region, it should be noted that the Singapore Economic Development Board (EDB) supports such type of investment brought by thyssenkrupp and will even serve as the regional hub for the company’s Mülheim TechCenter.
According to a report from Frost & Sullivan on the “Global Additive Manufacturing Market, Forecast to 2025”, AM in Asia Pacific would grow to more than $5.5 billion by 2025 and Singapore is certainly fertile ground for the innovation to grow.
Dr. Donatus Kaufmann, member of the executive board of thyssenkrupp AG and responsible for Technology and Innovation stated that the Singapore Hub not only strengthens thyssenkrupp’s presence and operations in Singapore and Asia Pacific, but also “gives [them] the opportunity to benefit from Singapore’s innovation ecosystem and to serve new customers in the Asia Pacific region.”
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