Siemens to set up the largest 3D printing factory worth £27mn in UK
Date: 2018-03-20   Author: Dhananjay Punekar  Category: #industry

Siemens to set up the largest 3D printing factory worth £27mn in UK

Siemens AG, one of the largest industrial manufacturing firms headquartered in Munich, is likely to invest around £27 million for the largest 3D printing unit based in Worcester, UK. The main objective of the firm is to make the new additive manufacturing unit a global center of excellence equipped with the best engineers, manufacturing experts, and metallurgists.

An official statement declares that the company will invest in the new establishment via Materials Solutions, a 3D printing specialist that it acquired in 2016 with an 85% stake. According to reliable sources, the inauguration of the plant in September this year will result in the creation of nearly 55 jobs. The new set up is also expected to serve various sectors including motor sports, aviation, and automotive.

Juergen Maier, the CEO of Siemens UK, has justified the firm’s move and states how the investment emphasizes its view regarding the expanding 3D printing sector with a huge growth potential.  He has also stated that the company’s decision to set up a new factory in the UK is its pioneering measure towards 3D printing industrialization and displays its shift towards the Fourth industrial revolution.

For the record, Siemens’ investment is forecast to increase its 3D printer fleet from fifteen to fifty in the next five years. Greg Clark, Business Secretary, apparently believes that the country has a powerful manufacturing culture and the industrial strategy of the British administration will help in creating the environment that is conducive to the expansion of the 3D printing sector in the country.

The UK government’s Made Smarter Review that emphasized on major investments in 3D printing activities in the country is likely to generate employment for highly skilled personnel, thereby resulting in a rise in the industrial production. Industry analysts have asserted that 3D printing is the technology that is not only related to prototyping, but also is a best-fit alternative for the sequential production of additive manufactured components.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Counterfeit Detectors Market Set to Register healthy CAGR During 2019-2024
Author: Partha Ray

Global Counterfeit Detectors market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their...


Box Overwrapping Machines Market Size, Development, Key Opportunity, Application & Forecast to 2024
Author: Partha Ray

Global Box Overwrapping Machines Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2024. This report will assist in analyzing the current and future business trends, sales and revenue forec...


Automotive Steering Lock System Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
Author: Partha Ray

MarketStudyReport.com added Automotive Steering Lock System Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the proble...