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Wednesday, January 13, 2016 9:38:28 PM
VOXELJET ANNOUNCES JOINT VENTURE IN CHINA--AND--EXPANDS TO INDIA
VOXELJET AG ANNOUNCES JOINT VENTURE IN CHINA
Tuesday, December 1, 2015 8:30 am EST
FRIEDBERG, Germany
FRIEDBERG, Germany--(BUSINESS WIRE)--voxeljet AG (NYSE: VJET) (the “Company”, or “voxeljet”), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced the signing of a definitive agreement to form an equity joint venture with Suzhou Meimai Fast Manufacturing Technology Co., Ltd. (“Meimai”) to pursue opportunities in the industrial 3D printing market in China. Among the indirect shareholders of Meimai are MK Technology GmbH (“MK Technology“) and Metang Novatech Shanghai Co., Ltd. (“Metang“). Metang is a long standing distribution partner of voxeljet in China. Meimai operates a VX 800 3D printer which was purchased by MK Technology and delivered to Metang in 2011. The voxeljet printer will not form part of the contemplated joint venture.
The joint venture shall be called voxeljet China Ltd., subject to the approval by the local authorities. voxeljet China Ltd. will be controlled by voxeljet, who is holding a supermajority interest in the joint venture. Other terms of the transaction were not disclosed.
voxeljet China Ltd. will be headquartered in the city of Suzhou, near Shanghai, and is expected to begin providing on-demand part services from a temporary facility in the second quarter of 2016. The joint venture parties are in the early planning stages for a larger facility, which is expected to be similar in size to voxeljet’s existing service facilities in Germany and the United States.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We are excited to announce our joint venture partnership with Meimai in China as part of our ongoing growth strategy. Our long standing relationship with the principals of Meimai makes them the ideal local partner for us to establish a direct operating presence in the market. Their experience with our printers coupled with their existing customer base and relationships with end users of industrial 3D printing applications in China is a great benefit. This is a great opportunity for us and we look forward to growing together in the market.”
VOXELJET EXPANDS TO INDIA
Thursday, December 17, 2015 8:22 am EST
FRIEDBERG, Germany
"After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy."
FRIEDBERG, Germany--(BUSINESS WIRE)--The German manufacturer of industrial 3D printing systems established voxeljet India Pvt. Ltd. in December 2015. The new voxeljet subsidiary is located in Pune, a large automotive and manufacturing center near Mumbai. India’s foundry industry still features a fairly traditional structure. The global popularity and acceptance of the 3D printing technology has led to growing interest in 3D printers and on-demand parts services on the part of the Indian industry.
voxeljet, one of the world's leading providers of industrial 3D solutions, wants to build up a strong market position in India already at this early stage. Ms. Nidhi Shah, the new Managing Director of voxeljet India, has more than ten years of experience in 3D printing methods and additive manufacturing technology. She plays an important role in establishing the voxeljet brand in India and promoting the development of an operational presence in the market. For this reason, voxeljet will attend IFEX (29 - 31 January 2016) in Coimbatore, one of India’s most important foundry trade shows.
Similar to the already established voxeljet subsidiaries, the company also plans to establish a service center for the on-demand manufacture of 3D-printed molds within the next 18 months. The first phase will focus on the development of the sales and service structure. voxeljet COO Rudolf Franz notes as follows with regard to the global business developments: “After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy.”
VOXELJET OF AMERICA INC. COMMENCES OPERATION
In January 2015, voxeljet commenced operations and began printing parts for customers at its North American Services facility located in Canton, Michigan (near Detroit). The approximately 50,000 square foot facility will initially operate four large-format printers to support both the sand casting and investment casting markets. The Company expects to install additional sand and plastic printers, including the VX4000 during the course of the year. Voxeljet anticipates its Canton, Michigan facility having similar printing capacity to its Friedberg, Germany service center by the end of 2016.
We hosted our first customer seminar on January 20th which included presentations from David Tait, Managing Director of Voxeljet of America Inc., Ingo Ederer CEO of voxeljet AG, and Tom Mueller, Director of Casting Applications, North America.
“Our inaugural customer seminar was very successful”, said David Tait, Managing Director of Voxeljet of America Inc. “We were able to share various historical applications with customers of the aerospace, automotive and heavy equipment sectors. Many of these 3D printing technology users were excited about the facility’s capabilities as well as the very robust machine engineering quality. We look forward to our growing presence in the market.”
VOXELJET AG ANNOUNCES JOINT VENTURE IN CHINA
Tuesday, December 1, 2015 8:30 am EST
FRIEDBERG, Germany
FRIEDBERG, Germany--(BUSINESS WIRE)--voxeljet AG (NYSE: VJET) (the “Company”, or “voxeljet”), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced the signing of a definitive agreement to form an equity joint venture with Suzhou Meimai Fast Manufacturing Technology Co., Ltd. (“Meimai”) to pursue opportunities in the industrial 3D printing market in China. Among the indirect shareholders of Meimai are MK Technology GmbH (“MK Technology“) and Metang Novatech Shanghai Co., Ltd. (“Metang“). Metang is a long standing distribution partner of voxeljet in China. Meimai operates a VX 800 3D printer which was purchased by MK Technology and delivered to Metang in 2011. The voxeljet printer will not form part of the contemplated joint venture.
The joint venture shall be called voxeljet China Ltd., subject to the approval by the local authorities. voxeljet China Ltd. will be controlled by voxeljet, who is holding a supermajority interest in the joint venture. Other terms of the transaction were not disclosed.
voxeljet China Ltd. will be headquartered in the city of Suzhou, near Shanghai, and is expected to begin providing on-demand part services from a temporary facility in the second quarter of 2016. The joint venture parties are in the early planning stages for a larger facility, which is expected to be similar in size to voxeljet’s existing service facilities in Germany and the United States.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We are excited to announce our joint venture partnership with Meimai in China as part of our ongoing growth strategy. Our long standing relationship with the principals of Meimai makes them the ideal local partner for us to establish a direct operating presence in the market. Their experience with our printers coupled with their existing customer base and relationships with end users of industrial 3D printing applications in China is a great benefit. This is a great opportunity for us and we look forward to growing together in the market.”
VOXELJET EXPANDS TO INDIA
Thursday, December 17, 2015 8:22 am EST
FRIEDBERG, Germany
"After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy."
FRIEDBERG, Germany--(BUSINESS WIRE)--The German manufacturer of industrial 3D printing systems established voxeljet India Pvt. Ltd. in December 2015. The new voxeljet subsidiary is located in Pune, a large automotive and manufacturing center near Mumbai. India’s foundry industry still features a fairly traditional structure. The global popularity and acceptance of the 3D printing technology has led to growing interest in 3D printers and on-demand parts services on the part of the Indian industry.
voxeljet, one of the world's leading providers of industrial 3D solutions, wants to build up a strong market position in India already at this early stage. Ms. Nidhi Shah, the new Managing Director of voxeljet India, has more than ten years of experience in 3D printing methods and additive manufacturing technology. She plays an important role in establishing the voxeljet brand in India and promoting the development of an operational presence in the market. For this reason, voxeljet will attend IFEX (29 - 31 January 2016) in Coimbatore, one of India’s most important foundry trade shows.
Similar to the already established voxeljet subsidiaries, the company also plans to establish a service center for the on-demand manufacture of 3D-printed molds within the next 18 months. The first phase will focus on the development of the sales and service structure. voxeljet COO Rudolf Franz notes as follows with regard to the global business developments: “After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy.”
VOXELJET OF AMERICA INC. COMMENCES OPERATION
In January 2015, voxeljet commenced operations and began printing parts for customers at its North American Services facility located in Canton, Michigan (near Detroit). The approximately 50,000 square foot facility will initially operate four large-format printers to support both the sand casting and investment casting markets. The Company expects to install additional sand and plastic printers, including the VX4000 during the course of the year. Voxeljet anticipates its Canton, Michigan facility having similar printing capacity to its Friedberg, Germany service center by the end of 2016.
We hosted our first customer seminar on January 20th which included presentations from David Tait, Managing Director of Voxeljet of America Inc., Ingo Ederer CEO of voxeljet AG, and Tom Mueller, Director of Casting Applications, North America.
“Our inaugural customer seminar was very successful”, said David Tait, Managing Director of Voxeljet of America Inc. “We were able to share various historical applications with customers of the aerospace, automotive and heavy equipment sectors. Many of these 3D printing technology users were excited about the facility’s capabilities as well as the very robust machine engineering quality. We look forward to our growing presence in the market.”
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