ARMOR Group exists KIMYA 3D filament business
December 16, 2024
The company said “it was with regret that we announced the closure of our KIMYA 3D filament and additive manufacturing business”, which ARMOR Group launched in 2017.
ARMOR GROUP invested around €15 million ($17.84 million) in this business, which looked promising at the time, with 30-40% growth expected in this industrial segment.
Unfortunately, growth in this market has been much weaker than expected, and it has been hit hard by the economic crisis, with sales volumes of new machines falling, leaving no prospect of any significant improvement in the medium term, ARMOR Group explained.
15 people are affected. ARMOR Group added: “We will provide them with the best possible support, in line with our values, to enable them to find new opportunities internally or externally. The attention we pay to our employees, the lifeblood of any company, is fundamental. Whether it’s in their integration, throughout their time with us or in their career and training paths.”
Recently, the company commissioned new flatbed screen printing equipment at its subsidiary ARMOR SMART FILMS and designed its first refurbished printer cartridge with an HP reset chip as part of the SecuReuse Programme.
Categories : Around the Industry
Tags : 3D Filament ARMOR Group Business Investment SecuReuse
