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Sandvik will invest approximately $25 million in a new plant for manufacturing titanium and nickel fine metal powders within the business area Sandvik Materials Technology. The investment will complement the company’s existing powder offering and strengthen its position in markets for metal powder and metal additive manufacturing. The facility, which is expected to be operational in 2020, will be located in Sandviken, Sweden, near in-house titanium raw-material supply and Sandvik’s center for additive manufacturing.
Höganäs AB signed an agreement to acquire H.C. Starck Group’s Surface Technology & Ceramic Powders (STC) division. STC manufactures high-alloyed and gas-atomized metal powders for a broad range of technologies, including additive manufacturing, hot isostatic pressing and metal injection molding. The company operates as a legally separated stand-alone division within the H.C. Starck Group and has two production facilities in Germany.
Although the aerospace and medical-device industries were the first players to adopt the process, all industries that work with metals, including automotive, are now beginning to realize the promise of 3D printing, also known as additive manufacturing (AM).