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SUMITOMO-KIMURA FOUNDRY JOINT VENTURE FINALIZED FOR U.S. 3D PRINTING壓鑄展-鑄造展-2021第二十二屆廣州國際壓鑄、鑄造及工業爐展覽會-巨浪展覽 -The 22nd China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
11/20/2020 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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Sumitomo Corp. (Tokyo) has entered an agreement to invest in AFS Corporate Member Kimura Foundry America (KFA) and will hold a 35% interest in the Schaumburg, IL-based manufacturer of prototype casting using 3D printing technology.
Sumitomo Corp. has long been engaged in the overseas sales of castings made by KFA. Through its new investment, Sumitomo says it aims to generate synergy effects between the businesses, including Sumitomo’s auto parts manufacturing unit, while also expanding the prototype casting business across its customer networks in construction and agricultural machinery, industrial equipment, and others.
In addition to the U.S., the companies say they’ll pursue business expansion in Europe and Asia, hoping to support the development of related industries around the world.
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Industry Furnace exhibition, China Industry Furnace expo
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