voxeljet announces the signing of the agreement to form a joint venture with Suzhou Meimai Fast Manufacturing Technology Co., Ltd. to pursue opportunities in the industrial 3D printing market in China. The joint venture shall be called voxeljet China Ltd. and will be controlled by the headquarter in Germany. New Managing Director is Tianshi Jin. He brings more than fifteen years of 3D printing and rapid casting experience and a thorough understanding of the Chinese market to the company. Prior to joining the company, Tianshi Jin was General Manager of Wenzhou Product Innovation Center Co. Ltd., a state-owned company. In 2013, Tianshi Jin founded Suzhou Meimai Fast Manufacturing Technology Co., Ltd. which specializes in sand printing and rapid casting services. He was also a long standing distribution partner of voxeljet in China.
voxeljet China Ltd. will be headquartered in the city of Suzhou, near Shanghai, and is expected to begin providing on-demand part services from a temporary facility in the second quarter of 2016. The joint venture parties are in the early planning stages for a larger facility, which is expected to be similar in size to voxeljet’s existing service facilities in Germany and the United States.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We are excited to announce our joint venture partnership with Meimai in China as part of our ongoing growth strategy. Our long standing relationship with the principals of Meimai makes them the ideal local partner for us to establish a direct operating presence in the market. Their experience with our printers coupled with their existing customer base and relationships with end users of industrial 3D printing applications in China is a great benefit. This is a great opportunity for us and we look forward to growing together in the market.”
The German manufacturer of industrial 3D printing systems established voxeljet India Pvt. Ltd. in December 2015. The new voxeljet subsidiary is located in Pune, a large automotive and manufacturing center near Mumbai. India’s foundry industry still features a fairly traditional structure. The global popularity and acceptance of the 3D printing technology has led to growing interest in 3D printers and on-demand parts services on the part of the Indian industry.
voxeljet, one of the world's leading providers of industrial 3D solutions, wants to build up a strong market position in India already at this early stage. Ms. Nidhi Shah, the new Managing Director of voxeljet India, has more than ten years of experience in 3D printing methods and additive manufacturing technology. She plays an important role in establishing the voxeljet brand in India and promoting the development of an operational presence in the market. For this reason, voxeljet will attend IFEX (29 - 31 January 2016) in Coimbatore, one of India’s most important foundry trade shows.
Similar to the already established voxeljet subsidiaries, the company also plans to establish a service center for the on-demand manufacture of 3D-printed molds within the next 18 months. The first phase will focus on the development of the sales and service structure. voxeljet CEO Rudolf Franz notes as follows with regard to the global business developments: “After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy.”