Sumitomo Increases Investment in Sintavia
The investment will help Sintavia scale its production capacity for flight-critical components that are produced via additive manufacturing.
Brian Neff (left), CEO of Sintavia, and Kevin Hyuga (right), SVP and general manager of Sumitomo Corp. of Americas in 2018. Photo: Business Wire
Sumitomo Corp. of Americas (SCOA), the largest subsidiary of Sumitomo Corp., has entered into an agreement to increase its investment in Sintavia, LLC, a Tier 1 metal additive manufacturer for the aerospace and space industry, based in Hollywood, Florida. The parties jointly announced that the minority investment, which follows an initial investment by SCOA in 2018, will be used to fund Sintavia’s rapidly growing business of providing additively manufactured parts to international aerospace and space companies.
The investment will help Sintavia scale its production capacity for flight-critical components that are produced via additive manufacturing (AM). In addition to the financial investment, SCOA and Sintavia will continue to identify opportunities to apply Sintavia’s AM and design capabilities toward Sumitomo Corp. Group’s global industrial activities.
“We truly value SCOA as a long-term partner for Sintavia and are excited to expand our existing relationship. With this investment, we are further aligning ourselves with a global thought leader in additive manufacturing that is committed to supporting our continued growth,” says Brian R. Neff, Sintavia’s CEO and managing partner of Neff Capital Management LLC, Sintavia’s majority owner.
“Since our initial investment in 2018, we’ve been impressed by Sintavia’s leadership and growth in such a short time,” says Kevin Hyuga, SVP and general manager of SCOA’s Construction and Transportation Systems Group. “Sintavia is well-aligned with our company’s sustainability goals. Through its technology, Sintavia is capable of reducing waste in the additive manufacturing production process, allowing end-stage products to fly lighter, ultimately reducing greenhouse gases and helping to create a more sustainable society.”
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