Arcam CEO Announces Move to Woburn Facility to Better Focus on US Metal 3D Printing Market
Metal 3D printing has been on everyone’s mind lately, so it’s no surprise when a company announces that it is intensifying its pursuit of the newest and fastest-growing corner of the additive manufacturing industry. We’ve been following metal 3D printing manufacturing company Arcam AB pretty closely over the past several months, as they’ve made quite a few moves that show how intent they are on becoming a leader in the metal 3D printing industry. The Swedish company already has a firm foothold in the medical implant industry, and all signs point to them becoming a major player in the aerospace industry before long, too. At the end of the summer, they expanded their United States presence with a new 5,500-square-foot sales and service facility in Woburn, Massachusetts.
Now, in a new move, Arcam has made it even more clear that they intend to focus on the US market. President and CEO Magnus René has announced that he is moving to the US “to temporarily operate and lead the Arcam Group” from the Woburn facility. The company’s headquarters will remain in Mölndal, Sweden, but René’s relocation to Woburn shows that US expansion is a major priority for Arcam right now.
“The reason for my relocation is that I will focus more on the US market where options, growth potentials and strategic opportunities are huge,” said René. “There are several major players in the aerospace and orthopaedics industries on the US east coast. By operating out of Woburn it will simply become easier for me to act. I also want to work closer to our subsidiaries in Shelton and Montreal to develop our businesses for EBM, powders and contract manufacturing.”
Arcam’s Shelton, Connecticut subsidiary, DiSanto Technology, is a relatively recent acquisition that marked Arcam’s entry into the medical implant market. The Montreal-based Arcam AP&C has been aggressively pursuing the development and patenting of new metal powders and metal printing technology. The company’s recent flurry of activity is warranted, as recent market research analysis has shown that metal 3D printing technology is exploding, with sales of metal printers just about doubling in 2015.
While trends show some recent decline in the market for 3D printing technology in general, the rise of metal 3D printing is comparatively meteoric. As major companies such as Stratasys and 3D Systems have suffered declining sales and been forced to lay off employees, they are attempting to pick up the pieces by beefing up their metal 3D printing capabilities. Before long, every company will likely be scrambling to catch up with the metal 3D printing market, so by expending every effort to get out ahead of the fray, Arcam is making a very smart move. Discuss this news in the Arcam Metal 3D Printing forum on 3DPB.com.
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