NAMI Selects 3D Systems’ Metal & Polymer Additive Manufacturing Solutions to Power Streamlined Supply Chain for Saudi Electricity Company
3D Systems announced that NAMI has purchased their metal and polymer additive manufacturing technologies to enhance the supply chain of the Saudi Electricity Company (SEC).
Technologies include the DMP Factory 500, DMP Flex 350 Dual, and SLS 380. This will support SEC in producing spare parts locally, reducing production time, storage needs, and costs, while increasing efficiency.
The collaboration aims to develop a digital inventory system, reduce physical inventory requirements, and implement NoSupports printing strategies. The partnership is part of Saudi Arabia's Vision 2030 to boost local manufacturing in the defense, energy, and manufacturing sectors.
The additive manufacturing market in the energy sector is projected to grow from $2.6 billion in 2023 to $17 billion by 2032.
- NAMI's purchase of advanced 3D Systems technologies will enhance SEC's supply chain efficiency.
- The collaboration includes creating a digital inventory system to reduce costs and physical storage needs.
- The project supports Saudi Arabia's Vision 2030 goals for localized manufacturing.
- Additive manufacturing market in the energy sector projected to grow from $2.6 billion in 2023 to $17 billion by 2032.
- None.
Insights
The collaboration between NAMI and the Saudi Electricity Company (SEC) marks a significant step forward in the integration of additive manufacturing into the energy sector. The use of 3D Systems' advanced 3D printing technologies by NAMI is expected to streamline the supply chain for SEC by reducing production time, costs and physical storage requirements. This initiative aligns with the broader trend of adopting advanced manufacturing techniques to enhance the efficiency and reliability of supply chains.
From a financial perspective, this partnership could positively impact 3D Systems' revenue and market share in the Middle East, a region with substantial investment in infrastructure and technology. The projected growth of the additive manufacturing market in the energy sector, from
This partnership highlights a growing trend in the energy sector: the adoption of additive manufacturing to address complex supply chain challenges. By leveraging 3D Systems' technologies, NAMI aims to create a localized supply chain for SEC, potentially reducing dependencies on international suppliers and mitigating risks associated with global supply chain disruptions. This localized approach not only reduces costs but also enhances the resilience and agility of SEC's operations.
Furthermore, the development of a digital inventory system represents a significant advancement in supply chain management. This system will allow SEC to maintain a dynamic and responsive inventory, reducing the need for extensive physical storage and enabling faster production of critical components. Such innovations are indicative of broader industry trends towards digitalization and automation, which are likely to drive significant improvements in operational efficiency.
The long-term implications of this partnership extend beyond the immediate benefits for SEC. As additive manufacturing becomes more accessible and its applications in the energy sector expand, we can expect to see more collaborations aimed at leveraging these technologies to enhance supply chain efficiency and drive innovation across various industries.
The integration of 3D Systems' advanced 3D printing technologies, including the DMP Factory 500, DMP Flex 350 Dual and SLS 380, into NAMI's operations is a noteworthy development. These technologies are known for their precision and ability to produce high-performance parts, which are critical in the energy sector where reliability and efficiency are paramount. The use of these technologies will enable the production of components such as pump impellers, fuel burners, motor fans, heat sinks and heat exchangers, which are essential for the smooth operation of SEC's infrastructure.
Moreover, the adoption of NoSupports printing strategies, developed by 3D Systems' Application Innovation Group, will further enhance the efficiency of the manufacturing process by minimizing the need for support structures during printing. This not only reduces material waste but also simplifies post-processing, leading to faster production times and lower costs.
The advancement of additive manufacturing technologies presents significant opportunities for the energy sector. By enabling the production of high-quality components on-demand, these technologies can help reduce maintenance costs, improve fuel efficiency and lower greenhouse gas emissions. As the market for additive manufacturing in the energy sector continues to grow, we can expect to see further technological innovations that will drive operational improvements and enhance the sustainability of energy production.
- NAMI purchased 3D Systems’ metal DMP Factory 500 and DMP Flex 350 Dual solutions, and polymer SLS 380 solution to produce parts for Saudi Electricity Company — improving supply chain efficiency
- Demonstrates positive effects of manufacturing locally and impact of making additive manufacturing more accessible to catalyze innovation
- 3D Systems’ solutions driving growth of additive manufacturing use in energy sector — total market expected to grow to
$17 billion by 2032
ROCK HILL, S.C., July 11, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD) announced that National Additive Manufacturing & Innovation Company (NAMI), an additive manufacturing company based in Saudi Arabia, has purchased multiple 3D Systems 3D printing technologies — DMP Factory 500, DMP Flex 350 Dual, and SLS 380 — to support its recently announced collaboration with the Saudi Electricity Company (SEC). Through this initiative, NAMI will leverage the power of 3D printing to create a localized supply chain for spare parts for SEC, the largest producer, transmitter, and distributor of electrical energy in the Middle East and North Africa. As part of the project, NAMI will create a digital inventory system intended to not only reduce production time but also physical storage requirements and cost. 3D Systems’ additive manufacturing solutions, including its metal and polymer 3D printing technologies as well as NoSupports printing strategies developed by its Application Innovation Group, are renowned for enabling the efficient production of precise end-use parts. The combined expertise of NAMI and 3D Systems’ industry-leading 3D printing technology will help deliver high-performance components such as pump impellers, fuel burners, motor fans, heat sinks, and heat exchangers while reducing SEC’s physical inventory requirements. This will enable SEC to mitigate supply chain risk while lowering costs and driving efficiency.
“Our additive manufacturing solutions have demonstrated their value for improving supply chain efficiency and accelerating innovation across a variety of industries,” said Reji Puthenveetil, EVP, additive solutions and chief commercial officer, 3D Systems. “The combination of reverse engineering designs for obsolete parts and additive manufacturing helps extend the uptime and life of equipment. NAMI’s engineering and application capabilities combined with the power of our industry-leading 3D printing platforms will be invaluable tools to catalyze the collaboration with SEC. I’m looking forward to seeing how this work will not only benefit SEC but also the services it provides to its customers.”
NAMI is a joint venture between 3D Systems and Saudi Arabian Industrial Investments Company (Dussur) to play a pivotal role in realizing Saudi Arabia’s Vision 2030 to build localized additive manufacturing production capabilities with an initial focus on the defense, energy, and manufacturing sectors.
“Since NAMI’s inception, we have made significant progress in expanding the use of additive manufacturing within the region,” said Mohammed Swaidan, chief executive officer, NAMI. “Our collaboration with SEC reinforces our commitment to address the energy sector, and 3D Systems’ technology and applications expertise form the foundation of a transformative solution. The work we are doing with SEC will not only enhance the reliability of SEC’s supply chain but also drive substantial cost efficiencies and operational improvements.”
According to Research and Markets1, the additive manufacturing market in the energy sector was valued at
Forward-Looking Statements
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About 3D Systems
More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.
About NAMI
NAMI is an additive manufacturing company in Saudi Arabia that was launched in November 2022 by 3D Systems and Dussur. We aim to be a top five additive manufacturing service by 2030 and localize manufacturing in the industrial and medical sectors by providing a digital manufacturing platform that facilitates access to reliable industrial-grade technologies and application engineers, maximizing local adoption of 3D printing. For more information, please visit www.nami3dp.com.
1 Research and Markets, “Global Additive Manufacturing in the Energy Industry Report 2024: A
FAQ
What technologies did NAMI purchase from 3D Systems?
How will the collaboration between NAMI and SEC benefit the Saudi Electricity Company?
How does this collaboration align with Saudi Arabia’s Vision 2030?
What is the projected growth of the additive manufacturing market in the energy sector?
