Protolabs Expands Manufacturing Capacity with New Building, Added Machines
16 Março 2018 - 9:30AM
Business Wire
Protolabs (NYSE: PRLB) has purchased a new manufacturing
facility in Brooklyn Park, Minn., the latest step the digital
manufacturing company has taken to expand its prototyping and
low-volume production capacity. The company has also recently
invested in additional manufacturing equipment for both its
American and European facilities to support business growth.
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Protolabs' purchase of a facility in
Brooklyn Park, Minn., will enable the fast-growing digital
manufacturing company to expand its prototyping and low-volume
production capacity. (Photo: Business Wire)
The new 152,000 sq. ft. Brooklyn Park facility will be expanded
by another 50,000 sq. ft. and used primarily for CNC machining.
About 225 jobs at Protolabs’ Plymouth, Minn. plant will relocate to
the Brooklyn Park building, enabling the company to expand the
injection molding capacity in the Plymouth facility to support
increased customer demands. The new Brooklyn Park plant is
scheduled to become fully operational by the end of 2018.
Beyond the new machining facility, Protolabs continues to expand
its manufacturing capacity with the addition of new equipment. Over
the past 12 months, the company purchased more than 75 CNC mills
and 25 injection molding presses in the United States.
Additionally, Protolabs’ European operations purchased 25 CNC
machines and six injection molding presses that are now in use at
the company’s facility in Telford, U.K. These investments expand
Protolabs’ worldwide manufacturing capacity to more than 1,000
presses, mills, lathes, press brakes, laser cutters and 3D
printers.
“We are excited about the growth we’ve experienced in
machining,” said Rob Bodor, Protolabs’ Vice President and General
Manager, Americas. “Opening an additional facility in Brooklyn
Park, along with investing in more machining and injection molding
equipment around the world, demonstrates our ability to evolve and
increase the services we provide to our customers as we capture
share in this dynamic market. We helped over 35,000 product
developers last year and this added capacity will provide the scale
to continue serving companies from innovative startups to Fortune
100 companies and everyone in between.”
CNC machining in particular continues to grow industry-wide.
Protolabs’ machining service, for example, grew more than 27
percent in 2017 to over $100 million. This overall capacity growth
illustrates the continuing digitalization of manufacturing
processes that has made the economics of on-demand production
possible. As a pioneer in this manufacturing technology, Protolabs
has shown how significant supply chain benefits can be realized
when procuring parts from a supplier using a digital approach.
About ProtolabsProtolabs is the world’s fastest digital
manufacturing source for rapid prototyping and on-demand
production. The technology-enabled company produces custom parts
and assemblies in as fast as 1 day with automated 3D printing, CNC
machining, sheet metal fabrication, and injection molding
processes. Its digital approach to manufacturing enables
accelerated time to market, reduces development and production
costs, and minimizes risk throughout the product life cycle. Visit
protolabs.com for more information.
Forward-Looking StatementsStatements contained in this
press release regarding matters that are not historical or current
facts are “forward-looking statements” within the meaning of The
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks, uncertainties and other factors
which may cause the results of Protolabs to be materially different
than those expressed or implied in such statements. Certain of
these risk factors and others are described in the “Risk Factors”
section within reports filed with the SEC. Other unknown or
unpredictable factors also could have material adverse effects on
Protolabs’ future results. The forward-looking statements included
in this press release are made only as of the date hereof.
Protolabs cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place
undue reliance on these forward-looking statements. Finally,
Protolabs expressly disclaims any intent or obligation to update
any forward-looking statements to reflect subsequent events or
circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20180316005071/en/
Investor Relations Contact:ProtolabsDan
Schumacher, 763-479-7240Director of Investor
Relationsdaniel.schumacher@protolabs.comorMedia
Contact:Padilla for ProtolabsTim Nelson,
612-455-1789Tim.Nelson@PadillaCo.com
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