It has been reported that South Korea’s Wizit Co. Ltd, a technology company specialising in LCDs and semiconductors, is planning to strengthen its business with a move into metal Additive Manufacturing. The company will establish a new manufacturing facility in Seoul to house a number of metal AM systems supplied by Sentrol, a local developer of mid- to large-sized metal AM systems for industrial production.
Kim Myung-sik, Director of Wizit, stated, “there have been services that use 3D printers to print out customised products for consumers, but Wizit’s plant will be the nation’s first plant that prints out in metal on a large scale.” The company has already secured a 3,300 m2 building to install the 3D printers.
Wizit recorded sales of 32.1 billion won ($27 million) last year, posting over 10% growth every year. Its operating profit also jumped 17.8% from a year ago to 3.8 billion in 2015.