New York City’s Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the internationally renowned traders of goods and services, has announced an investment in Sintavia, LLC, a Tier One metal additive manufacturer based in Davie, Florida.
Both companies jointly announced that the goal of the investment was to influence SCOA’s network in the Aerospace and Oil & Gas industries globally, while advancing Sintavia’s declared growth plans around the world. Although the terms and conditions of the deal were not disclosed.
Sumitomo Corporation of Americas
SCOA and Sumitomo Corporation together as an integrated business enterprise, has emerged as an organiser of multinational projects, international investor and financier, products distributor and running global communications via a network of offices worldwide.
In association with SCOA affiliated company, Presidio Ventures, an investment company headquartered in Silicon Valley for over 20 years, SCOA is broadening its portfolio by including latest technologies rising in traditional industries.
Kenichi Hyuga, SVP and General Manager of SCOA’s Construction and Transportation Systems Group, stated, “SCOA has spent decades building an enormous global network within several industries, including Aerospace and Oil & Gas.”
“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.”
Sintavia is known for independent metal AM for critical industries, along with aerospace and defense, and oil and natural gas. It is capable to optimise parameters, successively manufacture and audit quality for the critical industries.
Brian R. Neff, Sintavia’s Chairman and Chief Executive Officer, said, “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.”
“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.”
Besides supporting Sintavia’s advancement and profound key end markets, the partnership is likely to produce furthermore synergistic benefits. Sumitomo group companies are expected to develop solutions and strategic partners in the Aerospace industry, in order to optimize products by leveraging AM technology.
Howco, Sumitomo owned subsidiary, is an integrated supply chain partner for the global Oil & Gas industry. It offers steel alloys, turnkey machined and assembled components, along with upstream segments of the Oil & Gas sector. Howco, will now seek industry‐specific business development opportunities together with Sintavia.
Featured image shows 3D printed component by Sintavia. Photo via Sintavia.