Thyssenkrupp invests millions in first 3D metal-printing in Israel

Metal Point is the outcome of a collaboration between Thyssenkrupp and the Israeli company Impact Labs.

By JERUSALEM POST STAFF
Technology. (Illustrative) (photo credit: INGIMAGE)
Technology. (Illustrative)
(photo credit: INGIMAGE)
The German-based company Thyssenkrupp has announced an investment of several million euros in a new center that will focus on advanced manufacturing aided by 3D metal-printing technologies. The 3D metal printing center will serve Israeli companies that need customized metal parts.
The new center, called Metal Point, was inaugurated during a recent visit to Israel by Dr. Alexander Orellano, a member of the board of directors of Thyssenkrupp Marine Systems.
Metal Point is the outcome of a collaboration between Thyssenkrupp and the Israeli company Impact Labs.
Metal Point will benefit from the support of the Economy Ministry, the Manufacturers Association of Israel, the Israeli Institute of Metals at the Technion-Israel Institute of Technology, and other agencies that encourage innovation in advanced manufacturing. The Economy Ministry estimates that advanced manufacturing technologies will help increase Israel’s industrial GDP by NIS 25 billion per year.
“We regard the economic strengthening of Israel with innovation and entrepreneurship as an important goal,” Orellano said. “The establishment of a first-of-its-kind 3D metal-printing innovation center will allow Israeli start-ups and industrial companies to enhance their position in the international market. The strategic collaboration with Impact Labs is a significant example of ThyssenKrupp’s commitment to the long-term relationship with Israel.”