3D Metalforge shutters Singapore and Houston operations
January 6, 2023
Australian-based 3D Metalforge Ltd, headquartered in Perth, has announced that it will be ceasing operations in Singapore and USA. In a statement issued by the company, it was stated that in order to preserve its shareholder value, 3D Metalforge Pte Ltd (its Singaporean facility) and 3D Metalforge LLC (based in Texas, USA) have been given notice to terminate staff contracts and to terminate any independent contractor agreements.
The company added it will be contacting customers to make appropriate arrangements for the discharge of current project obligations.
Matthew Waterhouse, the company’s CEO, has expressed plans to remain as an employee, but to waive his salary during this period.