voxeljet Expands to India

Category:

Thursday, December 17, 2015 8:22 am EST

Dateline:

FRIEDBERG, Germany

Public Company Information:

NYSE:
VJET
US92912L1070
"After the UK, the US and China, the subsidiary in India represents the next big step in voxeljet's global growth strategy."

FRIEDBERG, Germany--(BUSINESS WIRE)--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 COO 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.”

Company Profile:

voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets.

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Multimedia Files:

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Managing Director of voxeljet India: Nidhi Shah is looking forward to the big challenges of opening the Indian market for voxeljet. (Photo: Business Wire)
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Contact:

voxeljet AG
PR/ Media:
Matthias Kramer
Tel: +49 821 7483 440
matthias.kramer@voxeljet.de
or
Investor Relations
Anthony Gerstein
anthony.gerstein@voxeljet.com
Tel: +1 646 484 1086