Michelin joins Fivet in metal 3D printing
Michelin and Fives (Fives) recently announced the establishment of a joint venture, it aims to use "metal additive manufacturing" technology, namely metal 3D printing technology, promote research and development in the global industrial machinery and the establishment of production plants.
Michelin sign
Professional and technical cooperation
According to an agreement signed on September 4, 2015 between the Michelin Group CEO Jean-Dominique Senard and the Fives Group Executive Committee Chairman Frederic SANCHEZ, the new company FIVESMICHELINADDITIVESOLUTIONS (French Michelin additive solution) will be set by Fives Both Michelin and Michelin hold 50% of the equity and will benefit from the establishment of at least 25 million euros of financial capital in the first three years of the initial period.
Michelin and Fives team will send about 20 employees at the beginning of the establishment of the company and integrate other relevant professional skills. The company will be located near Clermont-Ferrand, France.
Fives is a French company with a global leading position in designing and providing high value-added machinery and production lines. The company operates in 30 countries around the world and provides equipment and production systems for leading companies in all walks of life. Fives Group possesses professional competence, experience and innovative technology in mechanical engineering, automation and industrial production control, so it is able to manufacture completely digital monitoring machines and systems to meet the technical constraints of the additive manufacturing industry under certain constraints. Harsh requirements, and the need to control industrial production for reliability and reproducibility.
In recent years, Michelin has continuously devoted itself to the development of expertise in the metal additive manufacturing industry, and has applied this technology to large-scale production in order to break through the processing processes that cannot be achieved using traditional processes in the production of mold parts (processing, welding, etc.). This technology will be applied to the development of superior performance of truck and car tires . Through this joint venture, Michelin will use its expertise to achieve technological innovation in the industrial production process.
Goal: To become an important player in the field of metal 3D printing
FIVESMICHELINAD DIGITAL SOLUTIONS will apply metal 3D printing technology to various industrial fields (such as automotive, aerospace and medical industries, etc.) to provide a full range of solutions, including mechanical design and manufacturing, as well as complete (Including parts redesign, manufacturing process, installation, production support and training formulation etc.) Production lines and related services.
Both Fives and Michelin hope that FIVESMICHELINADDITIVE SOLUTIONS will become an important player in the emerging market of metal 3D printing, leveraging the complementary professional advantages of the two groups to build this joint venture into a large-scale mass production industry. Global leader in solutions.
Metal Additive Manufacturing - Growth Area
Although additive manufacturing technology has been widely used by manufacturers in plastics production, the market for metal 3D printing technology remains to be developed and the market is rapidly expanding. Metal 3D printing technology, originally used to produce individual parts with high added value, has now won an increasingly broad market and is now being used by OEMs, parts suppliers and even aircraft manufacturers. The technology has strong growth potential in the coming years due to its combination of numerous advantages: agile and flexible processes brought about by digitalization, shortened production cycles, streamlined assembly, increased production, zero loss of raw materials and almost no Limited customization options. The Wallers report shows that the market value of metal additive manufacturing in 2014 has reached 600 million euros, with an average annual growth of more than 20%. In the same year, more than 500 machines using metal 3D printing technology were sold worldwide.
In the coming months, the company will eventually put into operation after obtaining approval from the relevant fair competition antitrust agency.
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