FASTER AND CHEAPER PRODUCT DEVELOPMENT IN INJECTION MOLDING
In the injection mold industry, development time and costs are a major challenge. Development time (“Time to Market”) is a crucial competitive parameter, and tool costs can be a crucial barrier to project start-up. To get faster through a development process, 3D printing is frequently used for the production of prototypes, but with the great disadvantage that you do not get the items in the right materials with the desired material and surface properties.
The problem can be solved using AddiFab’s patented FIM technology. Both for the development of the first prototypes and for the production of smaller number of units until tools are available. Producing units based on FIM is a great choice for items in small numbers and with irregular compositions.
FIM falls into three steps:
- Print the disposable forms in an AddiFab 3D printer with a soluble resin from AddiFab.
- Inject into the molds using the correct materials.
- Dissolve the mold – the item is then ready for testing/application.
In a specific project, 10X lower costs and 5X faster development were achieved.
What has been accomplished?
After intensive product and technology development, AddiFab today offers its machines and resins to the global market. A sales office has been established in the US, with a particular focus on the US market. The company is past “Proof of Business” and is scaling the business. A key milestone in the development of AddiFab is the establishment of close strategic cooperation with MCAM.
AddiFab supplies printers and printer materials to industrial companies so they can use the FIM process in their own production. AddiFab also has a strategic collaboration with Mitsubishi Chemical Advanced Materials (MCAM) to make FIM technology available globally. MCAM will make FIM technology available to its customers during the year 2020 with services from its locations in Mesa, Arizona USA, Tielt Belgium and Nagoya Japan. The combination of the FIM technology and the large selection of industrial materials from MCAM is expected to be met with great interest from the customers.
The global market for plastic injection molding is enormous. According to a 2018 BCC Research report, the global market in 2018 was USD 139 billion, and with an average annual growth rate of 10.9%, the global plastic injection mold market in 2023 is expected to reach USD 233 billion.
Spring Nordic, Diamond Edge Ventures, Vaekstfonden and a group of Business Angels
Founded in 2014
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