Braskem Acquires taulman3D Expanding its Portfolio of Materials for Additive Manufacturing Applications

Rhea-AI Summary

Braskem (NYSE: BAK) has acquired taulman3D, a leading supplier of 3D filaments, enhancing its position in the additive manufacturing market. This acquisition bolsters Braskem's portfolio, adding nylon, recycled PETG, and PET filaments, and is expected to double its market share in this growing industry. The 3D printing market is projected to surge from $15 billion today to $78 billion by 2030, representing a 20% CAGR. taulman3D, established in 2012, operates globally through various distributors, emphasizing sustainability with its 100% recycled filament solutions.

Positive

• Acquisition of taulman3D complements Braskem's existing 3D materials portfolio.
• Doubling of Braskem's market share in the expanding additive manufacturing market.
• Projected growth in the 3D printing industry from $15 billion to $78 billion by 2030 (20% CAGR).
• taulman3D's products support a wide array of industries including aerospace and healthcare.

Negative

• None.

The acquisition of taulman3D further accelerates Braskem’s growth strategy in the additive manufacturing market with a highly complementary portfolio of 3D materials trusted by professionals worldwide.

taulman3D filaments and polymers are available globally, through distributors on 6 continents

PHILADELPHIA & LINTON, Ind.--(BUSINESS WIRE)-- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the acquisition of taulman3D, a leading 3D filament supplier of nylon, recycled PETG, and PET filaments to aerospace, automotive, healthcare, industrial, government and higher education professionals worldwide. The acquisition of taulman3D is a perfect complement to Braskem’s existing portfolio of next-generation filaments (Polyethylene (PE), Polypropylene (PP), Carbon Fiber, Glass Fiber & Recycled Polymers), pellets, and powders designed specifically for 3D printing applications.

taulman3D (Graphic: Business Wire)

Founded in 2012, taulman3D is trusted by thousands of professionals around the world and offers a wide portfolio of filaments and polymers designed to address specific and varying customer applications. taulman3D products are available worldwide, through a variety of exceptional distributors on 6 continents. taulman3D’s headquarters, research, and development as well as production and distribution facilities are in Linton, Indiana.

Jason Vagnozzi, Global Commercial Director of Additive Manufacturing, Braskem commented, “Braskem’s acquisition of taulman3D brings a high-quality 3D filament producer with a globally diversified client list and a highly complementary product portfolio. With projections for the 3D printing industry expected to grow from $15 billion today to $78 billion by 2030 – growing at an estimated 20% CAGR – we see enhanced opportunities to serve this rapidly growing demand. Today’s acquisition doubles Braskem’s market share in the additive manufacturing market and further accelerates our growth strategy.”

Zach Lichaa, taulman3D President stated, “We’re extremely proud to have built one of the leading 3D printing businesses in the world over the last decade, with private and public sector clients in dozens of countries. Braskem’s significant research and development resources and their world-class production teams will enable us to serve our clients with even greater focus and product innovation as additive manufacturing becomes increasingly engrained in global supply chains.”

taulman3D filament and polymer offerings include:

• Carbon Fiber Alloy Nylon 3D Printer Filament
• Glass Fiber Alloy Nylon 3D Printer Filament
• Alloy 910 3D Printer Filament
• Alloy 910 High Heat 3D Printer Filament
• PCTPE 3D Printer Filament
• TECH-G 3D Printer Filament
• T-Glase 3D Printer Filament
• Bridge Nylon, Nylon 230, Nylon 645 & Nylon 680 (FDA Material)
• PA Cast Plate Nylon 3D Printer Filament
• SAC1060 - Support Material for Nylon
• Guideline 3D Printer Filament (Medical Grade)

With its shared commitment to offering customers more sustainable materials solutions, taulman3D offers a 100% recycled 3D printing filament solution.

• Enviro 100% Recycled PETG 3D Printer Filament

As one of the world's largest producers of polyolefins, Braskem offers solutions across 3D printing filaments and technologies including Fused Filament Fabrication (FFF), Selective Laser Sintering (SLS), and High-speed Pellet Extrusion. Through Braskem's decades of expertise in materials science and product development, its state-of-the-art 3D printing labs, as well as its strategic partnerships with industry leaders, Braskem is committed to delivering new and innovative products to the market. Braskem's product development professionals collaborate across start-ups, universities, equipment manufacturers, converters, compounders, and brand owners, on leading-edge 3D printing solutions. To learn more about Braskem's expanding portfolio for 3D printing and additive manufacturing, visit www.braskem3d.com.

ABOUT TAULMAN3D

taulman3D is a leading manufacturer and distributor of advanced thermoplastics for additive manufacturing. Years of research and development go into every material, helping the company serve leading public and private sector clients with strong, reliable materials for their 3D printing projects. For more information, visit https://taulman3d.com.

ABOUT BRASKEM

With a global vision of the future-oriented toward people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company’s almost 8,000 team members dedicate themselves every day to improving people’s lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, and exports its products to clients in more than 70 countries.

Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with five production plants located in Texas, Pennsylvania, and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Boston focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit www.braskem.com/usa.

Braskem on English social media:

www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/Braskem

FORWARD-LOOKING STATEMENT
This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. These statements reflect Braskem’s current beliefs and expectations with respect to Braskem’s business, the economy and other future conditions and are based on assumptions, are subject to risk and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the continuation of restrictions related to the COVID -19 Pandemic or the continuing effects of the Pandemic; (ii) the contraction or lack of growth in the market segments in which Braskem competes and in which its products are sold (iii) unexpected delays in commissioning, (iv) increased competition from imports or in the export markets, (v) inability to anticipate future market trends and the future needs of Braskem’s customers, (vi) the impact of natural disasters on Braskem’s facility and its suppliers and (vii) other factors detailed in documents Braskem files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230104005013/en/

For press information:

Braskem North America

Stacy Torpey – (215) 841 3194 – stacy.torpey@braskem.com

Source: Braskem

FAQ

What is the significance of Braskem's acquisition of taulman3D?

The acquisition strengthens Braskem's position in the additive manufacturing market by expanding its portfolio with taulman3D's 3D filaments.

How will the acquisition affect Braskem's market share?

Braskem's acquisition of taulman3D is expected to double its market share in the additive manufacturing sector.

What growth is expected in the 3D printing market?

The 3D printing market is projected to grow from $15 billion to $78 billion by 2030, with a compound annual growth rate of 20%.

What types of products does taulman3D offer?

taulman3D provides a range of filaments including nylon and recycled PETG, designed for various professional applications.