AM Press ReleasesMoney & Funding

SCOA makes investment in Sintavia

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Sumitomo Corporation of Americas (“SCOA”), the largest subsidiary of Sumitomo Corporation, has made a minority investment in Sintavia, LLC. The parties jointly announced that the purpose of the investment was to leverage SCOA’s network in the global Aerospace and Oil & Gas industries, while accelerating Sintavia’s stated growth plans throughout the world. Terms of the deal were not disclosed.

“SCOA has spent decades building an enormous global network within several industries, including Aerospace and Oil & Gas,” said Kenichi Hyuga, SVP and General Manager of SCOA’s Construction and Transportation Systems Group. “We believe Sintavia’s highly advanced technology will add immediate value to our current business relationships, and position us for even greater business opportunities in the future.”

“With SCOA as a long-term partner, we recognize that we are aligning ourselves with a global leader in multiple end markets that is committed to supporting our growth,” said Brian R. Neff, Sintavia’s Chairman and Chief Executive Officer.

“Demand for Sintavia’s brand of quality AM production has boomed this year, and we recognize that in order to fully meet this demand over the coming years we will need to find a partner to help us manage growth. We believe we have found that partner in SCOA.”

In addition to supporting Sintavia’s growth and penetrating key end markets, the partnership is expected to generate additional synergistic benefits. The parties see potential through Sumitomo group companies to develop solutions, alongside strategic partners in the Aerospace industry, to optimize products by leveraging AM technology.

Another example of how the partnership could leverage SCOA’s subsidiaries and affiliated companies is through Sumitomo’s wholly-owned subsidiary, Howco, an integrated supply chain partner for the global Oil & Gas industry. Howco provides steel alloys, turnkey machined and assembled components, and other products for upstream segments of the Oil & Gas sector, for which they will seek industry-specific business development opportunities together with Sintavia.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Anthony Lowder

Anthony has been following the industry since 2010. He works with the editorial team and is responsible for co-ordinating and publishing digital content on our international website. As well as following the tech landscape, he is a self-taught multi-instrumentalist and music producer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.