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2017-08-09
The Ministry of Economic Affairs's (MOEA) 2017 US Investment Promotion Delegation, led by Vice Minister Wang Mei-hua, found success in California. Major Taiwanese metal company Gloria Material signed a memorandum of understanding with Thermal Technology, a top vacuum thermal processing solution provider, on August 8 in Santa Rosa, CA. Vice Minister Wang was on hand to witness the signing. The two parties will develop joint investments and a strategic partnership alliance in the field of 3D printing metal powder manufacturing equipment and materials.
The signing ceremony took place in Thermal Technology's company headquarters in Santa Rosa. The signees were Chairman Chen Hsing-shih of Gloria Material and CEO David Hassinger of Thermal Technology. Vice Minister Wang and Chairwoman Pam Chanter of the Sonoma County Economic Development Board were on hand to witness the moment, which promises to create a win-win industry collaboration between Taiwan and the US.
Vice Minister Wang said in her remarks that the ultimate goal of the collaboration with Thermal Technology is to establish Taiwan as the main supplier of metal powders for additive manufacturing in the Asia-Pacific region; to improve the capabilities of Taiwan's additive manufacturing industry and create a complete supply chain of upstream and downstream firms; and to drive improvements in equipment, processes, materials, and the entire system. This effort and planning will help to fill in the gaps of Taiwan's industry chain.
Vice Minister Wang also added that metal 3D printing applications are important for many industries identified as priorities by the government, such as smart machinery, aerospace, wind power equipment, medical equipment, electric vehicles, and semiconductors. Developing the metal powder industry can therefore facilitate industry upgrades and transitions to higher-value industries.
Chairman Chen Hsing-shih of Gloria Materials said that Thermal Technology's expertise and resources will help his company develop applications for new and emerging materials and establish databases, quality standards, and inspection regulations for the materials, allowing Taiwan's soft power in 3D printing technology to grow rapidly.
Thermal Technology CEO David Hassinger said that his company had been actively seeking out a strategic and joint venture partner in Taiwan, and that he hopes that the collaboration can improve the quality and decrease the cost of metal powders, mitigating doubts on the application side regarding the quality of the powders, allowing for more technical applications, and expanding the global market. The collaboration will be mutually beneficial for both parties.
Gloria Materials is Taiwan's only specialty manufacturer of special alloys, with a comprehensive range of manufacturing equipment and technologies including vacuum melting, refining, rolling, heat processing, and finishing. Its main products are high-value special alloys including superalloys, titanium alloys, and high speed steel. Its products are sold in over 50 countries, and it was recognized at the 19th National Quality Awards. Thermal Technologies specializes in vacuum heat processing. Its major products include heat melting furnaces, 3D printing metal powder equipment, and special metal powders such as nickel, superalloys, cobalt, and titanium alloys.
Market research firm IDC projects that the global 3D printing market will double from $15.9 billion in 2016 to $35.4 billion in 2020, for a compound annualized growth rate of 24.1%. In terms of materials, metal printing is expected to have the best prospects, with widespread applications in automobiles, defense, aerospace, molds, and medical devices. A Research and Markets study last year forecasted that the market for metal powders in 3D printing will reach $4.06 billion worldwide by 2020.
Department of Investment Services Spokesperson: Chen Pei-li, Deputy Director-General
Office Number:02-2389-2111 Ext.812
Mobile Phone:0925775150
Email: plchen@moea.gov.tw
Contact Person: Lin Mei-Hsing, Section Chief
Office Number:02-2389-2111 Ext.210
Mobile Phone:0988158298
Email: mhlin2@moea.gov.tw
Source: Department of Investment Services, MOEA
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