Sumitomo Corporation of Americas (SCOA), New York, reports that it has entered into an agreement to increase its investment in metal additive manufacturer Sintavia LLC, Hollywood, Fla., to fund Sintavia’s growing business as a provider of additively manufactured parts to aerospace and space companies.
The investment will also reportedly help Sintavia scale its production capacity for flight-critical components produced via AM, while continuing to advance its technical capabilities. In addition to this financial investment, SCOA and Sintavia will continue to identify opportunities to apply Sintavia’s Additive Manufacturing and design capabilities toward Sumitomo Corporation Group’s global industrial activities.
Kevin Hyuga, SVP and general manager of SCOA’s Construction and Transportation Systems Group, commented, “We see continued synergies in the future through this partnership, and look forward to continuing to help Sintavia support the aerospace and space industry. Moreover, Sintavia is well-aligned with our company’s sustainability goals. Through its technology, Sintavia is capable of reducing waste in the additive manufacturing production process, allowing end-stage products to fly lighter, ultimately reducing greenhouse gases and helping to create a more sustainable society.”
