Metal powder manufacturer Tekna Plasma Systems Inc., Sherbrooke, Quebec, Canada, has revealed that it will invest up to $128 million over the course of a five-year plan to expand its global manufacturing output and boost its research and development capabilities. According to the company, these investments reflect a long-term commitment to both the metal Additive Manufacturing and microelectronics markets.
Tekna’s investment plan is expected to help the company increase its global metal powder manufacturing capacity to over 1,000 tons per year; an expansion driven by growing demand from its active customer base. It will include an expansion to manufacturing floor space, the acquisition of production equipment, and the purchase of resources for product development efforts.
The project will benefit from $33 million in financing from the Canadian government. Morten Henriksen, Chair of the Board of Tekna Holdings Canada Inc., stated, “This investment project, though unprecedented, builds on twenty-eight years of commitment to excellence and is strategic to the company’s development, growth, and prosperity.”
“Building on a portfolio of over one hundred cutting-edge metal powder options, as well as on our global manufacturing and sales infrastructure, these investments will ensure that Tekna maintains its leadership position,” added Luc Dionne, Tekna’s Chief Executive Officer, “with some of the broadest ranges of metal powders, and one of the greatest capacities available to the 3D printing and microelectronic markets, [we serve] the supply chains of giants in the aerospace, automotive, biomedical and microelectronics industries.”