Stratasys, SIAEC Form Additive Manufacturing Joint Venture
The Singapore-based joint venture will offer design, engineering, certification support and part production to customers in the global aviation industry.
SIA Engineering Co. Ltd. (SIAEC) and Stratasys Ltd. have signed a joint venture agreement to establish an additive manufacturing service center to provide 3D-printed parts for use in commercial aviation.
Under the agreement, SIAEC will have a 60-percent equity stake in the joint venture, with Stratasys holding the remaining 40 percent.
This Singapore-based additive manufacturing joint venture will offer design, engineering, certification support and part production to customers worldwide including airlines, maintenance, repair and overhaul (MRO) providers, and original equipment manufacturers (OEMs). The center is intended to leverage additive manufacturing technology to produce plastic aircraft cabin interior parts as well as tooling for MRO providers.
“With increasing adoption of additive manufacturing technology in the aerospace industry, this joint venture will be able to access growing demand for additive manufacturing services. We look forward to partnering with Stratasys to provide our customers with new service offerings as we continue to enhance our suite of MRO services,” says SIAEC CEO Png Kim Chiang.
“We are excited to be working with such an innovative and ambitious partner. By drawing on industry knowledge at SIAEC, we have tremendous opportunity to deliver unique solutions in this high-requirement and highly-regulated segment,” says Stratasys CEO Ilan Levin.
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