May 16, 2020

Siemens invests further in 3D manufacturing

Siemens
Materials Solutions
Siemens Power and Gas Division
Siemens invests in 3D manufacturing
Nell Walker
2 min
Siemens invests further in 3D manufacturing
Siemenshas acquired a vast 85 percent stake of Materials Solutions Ltd., which is a world leader in additive manufacturing.



The manufacturing company...

Siemens has acquired a vast 85 percent stake of Materials Solutions Ltd., which is a world leader in additive manufacturing.

 

The manufacturing company, based in Worcester, UK, is a pioneer of the selective laser melting technology that has revolutionised the manufacture of high-performance metal parts. Materials Solutions specialises in turbomachinery parts, in particular high temperature applications for gas turbines. Siemens Venture Capital acquired a much smaller stake - 14 percent - in the small British business.

Willi Meixner, CEO of Siemens Power and Gas Division, said: "With the acquisition of Materials Solutions, we are able to secure world-leading expertise in materials and AM process development with focus on high-temperature super alloys. The company's strength is to turn models into high quality components in record time. Clearly Materials Solutions fits perfectly within our vision for growth and application of advanced technologies within our Power & Gas portfolio."

Carl Brancher, CEO of Materials Solution and owner of the remaining 15 percent, added: "We are very proud to become a part of Siemens. I am sure our know-how and experience will make a significant contribution to Siemens' additive manufacturing strategy. Materials Solutions is developing the applications know-how and a supply chain for the world's most advanced engineering companies – delivering processes and precision parts from 3D CAD models, using software, lasers and metal powders."

Since the rise of AM, Siemens has been investing in the technology and is now driving towards industrialisation and commercialisation. Additive manufacturing is a process that builds parts layer-by-layer from sliced CAD models to form solid objects. Fibre lasers are now available with enough power to melt high performance metal alloys to manufacture gas turbine or jet engine parts. 

 

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

IMF
Manufacturing
COVID19
Musk
Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022

Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery. 

Lingering Concerns Over COVID

Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high. 

Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery? 

IMF: Current Boom Could Falter

Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”. 

Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”. 

Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.

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