Business
5N Plus and Metalpine Join Forces to Expand the Scope of their Engineered Metal Powder Businesses
5N Plus and Metalpine Join Forces to Expand the Scope of their Engineered Metal Powder Bu...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n \n \n \n 5N Plus and Metalpine Join Forces to Expand the Scope of their Engineered Metal Powder Businesses\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Oct. 21, 2020\n \n \n \n \n \n MONTREAL\n \n ,\n \n Oct. 21, 2020\n \n /CNW Telbec/ - 5N Plus Inc. (\"5N Plus\"), a leading global producer of specialty chemicals and engineered materials, and\n \n Graz, Austria\n \n -based Metalpine GmbH (\"Metalpine\"), a technology leader in the production of high quality performance powders for Additive Manufacturing (AM), announced today that the parties have entered into a strategic agreement aimed at jointly serving the growing demand from Additive Manufacturing markets.\n \n \n Under this agreement, 5N Plus becomes the distributor of Metalpine's portfolio of high-performance metal powders in\n \n North America\n \n , while continuing to serve the global market with 5N Plus' expanding portfolio of products. The primary focus of the collaboration will be in AM related applications including binder jetting, metal injection moulding, powder bed fusion, directed energy deposition and cold spray technologies. Earlier this month, 5N Plus announced that it has entered the AM market as a supplier of engineered powders and has launched a broad portfolio of high-performance metal powder products to support this ambition.  In addition, 5N Plus announced that it intends to achieve this goal through both organic and external actions (Refer to: 5N Plus Press Release\n \n October 7, 2020\n \n ).\n \n \n Over the past decade, the AM industry has undergone impressive growth, expanding by more than 20% year-over-year.  This year the global market for engineered metal powders for AM is expected to reach\n \n $500 million\n \n , with a forecast growth rate further accelerating to 25% year-over-year in the next five years. The value proposition driving this growth is the industry's enhanced ability to cost-effectively prototype with greater speed and agility; to innovate with new shapes and component designs; and to consolidate critical...