Prodways discontinues line of wax printers for jewellery casting
Keep updated with every thing that’s occurring within the great world of AM by way of our LinkedIn neighborhood.
Prodways Group, an organization specializing in industrial {and professional} 3D printing, is discontinuing its line of small printers for jewellery casting. In accordance with the corporate, the disappointing efficiency in 2023, primarily on account of weak equipment gross sales, has led the group to take measures to rapidly enhance its outcomes.
Prodways Group stays a key participant within the international 3D printing scene, each technologically and when it comes to monetary profitability, and this resolution is anticipated to strengthen this place by permitting the group to concentrate on the phase of enormous industrial printers.
For a number of years, the corporate has been advertising and marketing small printers for the high-end jewellery sector beneath the Solidscape model. The gross sales of those small printers – with a unit worth of roughly €15k – in addition to the related supplies and companies, reportedly generated a turnover of round €5 million in 2023, and a big working loss. The cessation of this exercise is subsequently anticipated to have a optimistic structural affect on Prodways’ profitability.
Though the marketplace for 3D printing within the jewellery trade continues to be rising, the weak efficiency of those methods final 12 months has led the group to reassess the efforts wanted to show round this small printer enterprise, particularly compared with the prospects for industrial printers. Prodways Group will shift focus from jewellery to massive high-value-added printers and related supplies, specifically the MovingLight vary – a phase with extra room for progress and a better profitability profile. The corporate additionally advantages from its positioning in current markets, such because the medical sector, and will generate alternatives by means of new industrial functions for sectors equivalent to aeronautics.
The shutdown of the jewellery exercise must be finalized by the tip of summer season 2024. The affect within the 2023 monetary statements is at the moment estimated at round €15 million in depreciation (non-cash affect), with the determine being finalized through the ongoing consolidation of the 2023 monetary statements. In 2024, the prices associated to this shutdown are anticipated to signify simply over €1 million, primarily within the first half of the 12 months.