Siemens invests further in 3D 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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IMF: Variants Can Still Hurt Manufacturing Recovery
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.
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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.
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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.