3D printing company EOS says that it plans to expand its footprint in Asia-Pacific as part of the company's aim to meet local demand for the additive manufacturing (AM) sector.
The company has also made three new leadership appointments in the region. Jack Wu was appointed sales director of Asia-Pacific, while Ye Jiyuan joins EOS as general manager for Greater China. In Japan, EOS appointed Yasuaki Hashizume as general manager to head its Japan office and oversee business operations in the country.
‘Our APAC customers are gradually transforming their businesses for the fourth industrial revolution and we want to help accelerate that process by contributing more to their AM strategy and production,’ said Terrence Oh, senior vice president (Asia-Pacific) at EOS. ‘Through our in-house consultancy unit, Additive Minds, we hope to further strengthen our customers’ AM value proposition and ensure that they are at the forefront of implementing advanced technologies.’
‘Industry 4.0 has brought about tremendous opportunities for AM and great traction for the adoption of AM in Asia-Pacific,’ said Dr Adrian Keppler, CEO at EOS. ‘We are already seeing demands from our customers in industries such as aerospace, automotive, medical and fast-moving consumer goods, where excellence in technical precision and structural engineering are paramount. Hence, we are extremely excited to expand our global footprint, especially in Asia-Pacific, and to broaden our leadership team to tap on this market demand.’
Advanced manufacturing EOS suggests that by Q3 2018, the AM market is forecast to reach more than US$3.7 billion globally, and more than US$15.7 billion by Q3 2025. In Asia-Pacific, CAGR is expected to reach 18.6% with China capturing over 70% of the market share.
‘Japan is poised to benefit the most from the rise of advanced manufacturing and smart factories, according to the World Economic Forum’s ‘Readiness for the Future of Production Report 2018,’ added Oh. ‘The country has been highly regarded as one of the leaders in technological advancements in APAC, and it has been observed that the demand for industrial 3D printing in Japan's manufacturing and medical sectors is substantially rising. Thus, this is an opportune time to enter the market and offer our expertise to bridge any gaps as AM continues to develop rapidly in Japan.’
This story is reprinted from material from EOS, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
