France’s Michelin Group and Fives have announced the formation of Fives Michelin Additive Solutions, a 50-50 joint venture with the aim of developing industrial metal Additive Manufacturing machines. Under the terms of the agreement the new company will benefit from a financial contribution of at least €25 million in the first three years and be located near Clermont-Ferrand, France.
Fives and Michelin plan to position Fives Michelin Additive Solutions as a key player in the growth market of metal Additive Manufacturing. The companies state that their aim is to build on the complementary expertise of the two groups to become a world leader in the segment of industrial solutions for mass production.
Michelin is reported to have been developing expertise in metal AM for several years in order to produce mould parts that are unachievable using traditional means of production such as machining or welding.
Fives operates in around thirty countries and provides both equipment and production systems for the world’s leading industrial players in a variety of sectors. The company states it will use its expertise in mechanical engineering, automation, and industrial process control to produce fully digitised machines and systems that meet the technological requirements of Additive Manufacturing constraints as well as those of reliability and reproducibility of controlled industrial production.
The new company will offer manufacturers in different sectors, such as automotive, aerospace, health, etc., a complete solution from the design and manufacture of machines and complete production lines to the related services.
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