Australian digital manufacturing solutions company, Titomic Limited (ASX: TTT) (“Titomic” or “Company”), is pleased to announce it has entered into an agreement with German-based plastic extruder parts manufacturer C.A.PICARD® Group to produce metal parts for the Extruder technology market, using Titomic’s Kinetic Fusion™ process.
Titomic will utilise its proprietary TKF additive manufacturing process to build a hardened metal extrusion screw at a preliminary cost of USD$25,965. The aim of this prototype is to reduce the current cost and test potential improvements in wear resistance.
On the successful completion of test trials by C.A.PICARD®, Titomic will negotiate a contract to supply production from its TKF Melbourne Bureau for single, twin, and multi-screw extrusion systems. These parts are developed by C.A.PICARD® Group and distributed to over 50 countries, with the major markets being Europe, Asia, America and the Far East. The global plastic extrusion machine market generated $6.05 billion in 2017, and is expected to reach $8.24 billion by 2025, growing at a CAGR of 3.8% from 2018 to 20251.
Mr. Jeff Lang, Titomic Managing Director commented, “Titomic’s partnering with C.A.PICARD® to additively manufacture their extrusion screw products showcases the unique capability of Titomic Kinetic Fusion to utilise tooling steels to be cost competitive against traditional metal manufacturing processes. We believe that by partnering with visionary industry leaders like C.A.PICARD®, Titomic can improve the efficiency of metal manufacturing and mechanical performance properties, providing real commercial benefits to our customers.”
“We are committed to producing the best quality parts for the Extruder market and are pleased to be working with Titomic to bring their state of the art Titomic Kinetic Fusion Process on board. We believe that the future lies in finding efficiency without compromising on value and quality and we look forward to working with Titomic on this project,” said Mr. Michael Busenbecker, Global Head of Research and Development.