MÖLNDAL, Sweden--(BUSINESS WIRE)--Regulatory News:
Arcam AB, listed on NASDAQ Stockholm, and a leading supplier of Additive Manufacturing (“AM”) equipment, announces that its powder manufacturing subsidiary AP&C in Montreal, Canada, has begun to build its second powder plant in Saint-Eustache, Québec.
Alain Dupont, President of Advanced Powders & Coatings (AP&C), led the ground-breaking ceremony. In attendance to the ceremony were Ministers responsible and representatives from municipals and industry. AP&C, specializing in plasma atomized metal powders for Additive Manufacturing, plans to invest up to CAD 31 million in this second powder facility. AP&C will also create 106 new jobs, in addition to the 85 people currently employed, within the next three years.
“The need for high end titanium powder is driven by the fast growth and adoption of Additive Manufacturing. Arcam is determined to serve the industry through cost efficient solutions thus converting traditional manufacturing into Additive Manufacturing. A requisite is to offer highest quality powder for production at competitive cost”, says Magnus René, CEO of Arcam.
“This investment makes possible to provide our existing and future clients with superior quality powders to meet the high manufacturing standards of the aerospace and orthopaedic industries,” says Alain Dupont, President of AP&C. “With this new powder production facility and advances in atomization technology, AP&C will significantly increase capacity”
AP&C benefited from the support, advice and financial assistance of Canada Economic Development, Montréal International, Investissement Québec and the Québec Ministry of Economy, Science and Innovation in moving its expansion project forward.
“Without the involvement from both the federal and provincial governments, our project would have been difficult to carry through at this speed”, Alain Dupont concludes. “Our points of contact were receptive to our needs, and showed keen knowledge of the issues and challenges facing our industry.”
Arcam Group provides cost-efficient Additive Manufacturing solutions for production of metal components. Arcam’s Electron Beam Melting (EBM®) technology offers design freedom combined with excellent material properties and high productivity. Arcam is, through its solution orientation and comprehensive product offering, an innovative partner for advanced manufacturing, primarily for the aerospace and medical industries. Arcam offers EBM systems through Arcam AB in Sweden, powder metals through AP&C in Canada and implant contract manufacturing through DiSanto in the U.S.The company is listed on Nasdaq Stockholm and the Head Office is located in Mölndal, Sweden.
Arcam AB
Krokslätts Fabriker 27A
SE-431 37 Mölndal, Sweden
46-31-710 32 00
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