VulcanForms plans third facility adding over 1000 jobs
VulcanForms, headquartered in Devens, Massachusetts, USA, is set for a significant expansion of its metal Additive Manufacturing capabilities with the addition of a third production facility. According to the Massachusetts Economic Assistance Coordinating Council (EACC), the new site, located in Devens, will be upwards of 93,000 m2 (1,000,000 ft2) and create over 1,000 jobs.
The EACC also stated it has awarded VulcanForms $21.26 million in tax credits through its Economic Development Incentive Program (EDIP). The EDIP is designed to support business expansion and job creation by offering performance-based tax credits in exchange for commitments to create new jobs, retain existing employees, and invest capital.
“The Economic Development Incentive Program is one of the state’s most effective tools for supporting business expansion and job creation,” stated Massachusetts Secretary of Economic Development Eric Paley. “From robotics and artificial intelligence to advanced manufacturing and life sciences, these companies are making long-term commitments to grow here. That’s a strong vote of confidence in Massachusetts as a place where innovation can scale and businesses can succeed.”
VulcanForms operates a fully integrated digital metal manufacturing platform that brings together advanced metal production technologies, precision machining, automation and proprietary software in a single workflow. The company additively manufactures mission-critical metal parts 24/7, delivering production-quality parts at scale.
VulcanForms runs its own in-house designed and built metal Additive Manufacturing machines. The latest GEN 3 model is an industrial-scale metal Laser Beam Powder Bed Fusion (PBF-LB) AM machine with a 40 kW laser system consisting of 75 x 550 W lasers.
As well as the existing facility in Devens, the company also has operations in Newburyport, Massachusetts. Earlier this year, VulcanForms announced it raised $220 million in a financing round.
Michael Kenworthy appointed new Chief Technology Officer
VulcanForms also announced the appointment of Michael Kenworthy as its new Chief Technology Officer. He reportedly brings more than two decades of experience developing and scaling complex manufacturing technologies. Most recently, Kenworthy served as Vice President of Engineering at Relativity Space. Prior to Relativity, he was Chief Product Officer at Seurat Technologies and Chief Technology Officer at Divergent, where he spent more than six years leading the development and deployment of the company’s digital production system.
“VulcanForms was founded to rethink how products are made,” said Kevin Kassekert, Chief Executive Officer of VulcanForms. “By combining production systems, automation, software, quality, and operations into a single manufacturing ecosystem, we’ve built a first-principles platform capable of solving some of the most challenging production problems in the industry. Mike has spent his career building and scaling engineering organisations across aerospace, energy, and advanced manufacturing, and he knows what it takes to push production technology forward at scale. His leadership will help us accelerate innovation and create even greater value for our customers.”
“Joining VulcanForms is an opportunity to work on something rare,” added Kenworthy. “The foundation that has been built here lets customers solve problems that conventional manufacturing simply can’t. I’m excited to work with the team to advance the technology, expand what the platform can do, and help customers manufacture increasingly complex products with greater speed, consistency, and scale.”
