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GE Making Big Investment Into Additive Manufacturing

An editorial by Jack Keough on two recent GE Reports Articles (one and two)
Jack Keough was editor of Industrial Distribution for 26 years, and founded ID's long-running Big 50 List. He is currently a contributing editor. Jack the president of Keough Business Communications in Foxboro, Massachusetts, and often speaks to various groups and trade associations on distribution issues.

GE Making Big Investment Into Additive Manufacturing - 3-2-2017

Part of the article:

The company says the new facility represents a $39 million investment over three years and will result in the creation of 50 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. The center is GE’s first multi-modal site in the U.S. designed as an innovation hub offering training and development in both design and applications.

Six months ago GE announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG, for a combined $1.4 billion.

“Additive manufacturing is a key part of GE’s evolution into a digital industrial company. We are creating a more productive world with our innovative world-class machines, materials and software,” said GE chairman and CEO Jeff Immelt. “We are poised to not only benefit from this movement as a customer, but spearhead it as a leading supplier. Additive manufacturing will drive new levels of productivity for GE, our customers, including a wide array of additive manufacturing customers and for the industrial world.”

GE expects to grow the new additive manufacturing business to $1 billion by 2020 and expects $3-5 billion of product cost-out across the company over the next 10 years.