thyssenkrupp will establish Additive Manufacturing TechCenter Hub in Singapore

- New Additive Manufacturing TechCenter Hub in Singapore to serve as extension of facility in Mulheim an der Ruhr,Germany,focusing on additive manufacturing solutions in metal and plastic technologies

-Investment strengthens thyssenkrupp's commitment to bring transformative innovations to customers in Asia Pacific

SINGAPORE,April 4,2019 -- thyssenkrupp will establish an Additive Manufacturing TechCenter Hub in Singapore this year. The announcement-- made at Hannover Messe 2019,the world's leading trade fair for industrial technology-- illustrates the company's initiative to bring its engineering and innovation capabilities to customers in Asia Pacific.

(2nd from L; L to R) Mr. Laurence Bay,Singapore Ambassador to Germany; Dr. Koh Poh Koon,Senior Minister of State for Trade and Industry; Dr. Donatus Kaufmann,Board Member of thyssenkrupp AG; Mr. Lim Kok Kiang,Assistant MD EDB; and the EDB team,at the announcement at Hannover Messe 2019

The future Singapore Additive Manufacturing TechCenter Hub,supported by the Singapore Economic Development Board (EDB),will serve as the regional hub for the company's Mulheim TechCenter and aims to unlock the potential of additive manufacturing,also known as 3D printing,for customers in Singapore and across Asia Pacific. thyssenkrupp first launched a dedicated TechCenter for additive manufacturing in Mulheim an der Ruhr,Germany in 2017,with capabilities to deliver the full spectrum of the additive manufacturing value chain.

"thyssenkrupp has always been at the forefront when it comes to innovation in engineering," said Dr. Donatus Kaufmann,member of the executive board of thyssenkrupp AG and responsible for Technology and Innovation. "We have made great strides with our Additive Manufacturing TechCenter in Germany. Establishing a hub in Singapore now reflects our commitment to bring our transformative innovations closer to the Asia Pacific region to meet our customers' needs."

Dr. Kaufmann also added that the Singapore Hub not only strengthens thyssenkrupp's presence and operations in Singapore and Asia Pacific,but also "gives us the opportunity to benefit from Singapore's innovation ecosystem and to serve new customers in the Asia Pacific region."

Additive manufacturing in Asia Pacific is expected to grow to more than $5.5 billion by 2025[1] and Singapore is certainly fertile ground for the innovation to grow. The Research,Innovation and Enterprise 2020 or RIE2020 Plan of Singapore,which is the country's roadmap for research and development,includes additive manufacturing as one of the key enablers that will support the country's push for leadership in advanced manufacturing and engineering.

"thyssenkrupp's Additive Manufacturing TechCenter Hub is an exciting addition to Singapore's growing ecosystem of additive manufacturing technology providers. We are delighted that thyssenkrupp has chosen to anchor the Center in Singapore. thyssenkrupp will be well-positioned to leverage our diverse manufacturing base and strengths in Industry 4.0 to serve the needs of customers in Asia Pacific," said Mr Lim Kok Kiang,assistant managing director,Singapore Economic Development Board. "The investment is further testament to Singapore's growing reputation as a hub for additive manufacturing research and deployment in the region and beyond."

thyssenkrupp's TechCenter Hub in Singapore,together with the existing TechCenter in Germany,will focus on innovations around additive manufacturing solutions in metal and plastic technologies for customers in automotive,capital goods,chemical,mining and other heavy industries. It will provide a complete range of additive manufacturing services from part identification diagnostics,project delivery to training and capability building. The TechCenter Hub will also host additive manufacturing engineers who will work together with their colleagues in Germany to develop various products and solutions leveraging on this innovation.

Theannouncement comes on the heels of another company milestone,with the signing of a memorandum of understanding (MoU) between Singapore's Defence Science and Technology Agency (DSTA) and thyssenkrupp Marine Systems in February 2019. The MoU entails the partnership of DSTA and thyssenkrupp in working on new technologies such as additive manufacturing for naval applications.

[1] "Global Additive Manufacturing Market,Forecast to 2025",Frost & Sullivan,May 2016

About thyssenkrupp:

thyssenkrupp is a technology group with traditional strengths in materials. Over 160,000 employees in 78 countries work with passion and technological know-how to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2017/2018 thyssenkrupp generated sales of EUR42.7 billion.

Together with our customers we develop competitive solutions for future challenges in their respective industries. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. Our technologies and innovations are the key to meeting diverse customer and market requirements around the world,growing on the markets of the future,and generating strong and stable earnings,cash flows and value growth.

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