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[charlie T colton]

"We want to exponentially grow these companies,"-said_Mr._Procacci_at_Avio.

"Executives have said they want to generate $1 billion in revenue from 3-D printing by 2020, up from $300 million today." That's 49.38% year over year growth.

""We want to exponentially grow these companies," said Mr. Procacci at Avio." This speaks volumes in itself.

Available at morningstar.com - Europe Leads as Industrial 3-D Printing Takes Shape - 5-5-17 5:44 AM EDT

Originally posted today at wsj.com available only with subscription - Europe Leads as Industrial 3-D Printing Takes Shape - General Electric pushes into metal additive printing of aircraft and other parts - May 5, 2017 5:30 a.m. ET


Last month GE said it will open in Munich the first of several marketing centers it plans world-wide dedicated to the new technology, known formally as metal additive manufacturing, in a nod to the European companies' outsize role in the technique's development. The new hands-on demonstration facility, which will have up to 10 operational 3-D printers from the two companies, will be built next to GE's existing research center at a cost of roughly $10 million.

Concept, Arcam and other European companies that GE bought over recent years "bring great technologies that were developed independently here," said Riccardo Procacci, a GE veteran previously with the conglomerate's oil-and-gas division. He is now chief executive of plane-part maker Avio Aero, near Milan, which GE bought in 2013. One of Avio's specialties is 3-D metal printing, thanks to a decade of work with Arcam.

GE is considering European locations for the headquarters of its new GE Additive division, now being created. Executives have said they want to generate $1 billion in revenue from 3-D printing by 2020, up from $300 million today.

An early mover into 3-D printing, GE is aggressively expanding its operations in part because rivals are getting more active. Siemens AG of Germany last year bought British additive-manufacturer Materials Solutions Ltd. for an undisclosed amount and opened a 3-D printing facility in Sweden. Siemens has focused on parts for gas turbines, an industry in which it competes with GE.
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GE is developing an advanced propeller-plane engine at a Prague factory it bought in 2008. Designers are replacing 855 traditional engine parts with 12 printed components, significantly boosting efficiency.

"We needed something truly disruptive from a performance perspective," said Brad Mottier, vice president of GE's business and general aviation division. "Pratt has a huge, enviable franchise in the turboprop market."

Pratt is "not standing still," said Nicholas Kanellias, vice president of general aviation programs at Pratt & Whitney Canada, where the company makes turboprop engines. "We will continue to invest in our products."

Even if GE ends up basing its new additive division in the U.S., its two European companies will expand quickly.

"We want to exponentially grow these companies," said Mr. Procacci at Avio.






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