Fives Michelin Additive Solutions is the name of a new player in the 3D metal printing market. As the name suggests, it is a joint venture between Michelin and Fives, a French specialist of industrial engineering. The mission of this new company is to design, produce and commercialize 3D and metal printers. Formed after engineers of both partners, FMAS will have a budget of € 25 million over 3 years to get a place in a market led to experience rapid growth in the coming years.
Objective set : becoming a key player on the global market for 3D metal printing
On September 4, 2015 will undoubtedly be a key date in the French industrial history, or at least that of the metal additive manufacturing.
Fives and Michelin announced today the creation of a joint venture to develop and market worldwide machines and industrial production facilities through technology “metal additive manufacturing,” commonly known as 3D printing Metal. Headquartered in Clermont-Ferrand, Michelin Fives Additive Solutions will be owned 50/50 by Michelin and Fives.
The joint statement said Michelin, always very discreet about his research projects and industrial processes, working on metal 3D printing processes for many years, especially for producing parts of its molds of its tires Truck and Tourism.
For its part, Fives is already positioned on the metal 3D printing market. Fives is already a partner with Beam Machines with whom the French markets 5 axes machines for the manufacture of metal parts via the 3D printing process CLAD (Construction Laser Additive Directe). Fives will bring to the joint venture its commercial resources, since the French installs machines and automates production processes in industrial than thirty countries.
This agreement aims to create a key player in the global 3D metal printing. A niche market which has already reached Euro 600 million in 2014 according to Wohlers Report and an annual growth rate above 20%.
Translation : Google Translate