Abu Dhabi, UAE: Al Seer Marine PJSC, an Abu Dhabi-listed marine company engaged across multiple marine sectors and a subsidiary of International Holding Company (IHC), today announced the launch of its additive manufacturing business unit.
Commonly referred to as 3D printing, additive manufacturing uses computer aided design (CAD) software or 3D object scanners to produce lighter, stronger parts and systems. The technology provides numerous advantages during the manufacturing process, enabling engineers to design parts with increased complexity in drastically shorter timeframes.
Al Seer Marine’s new business unit will leverage the latest additive manufacturing technologies for the company’s in-house manufacturing of unmanned vessels and vehicles. The business unit will also develop large-scale additive manufacturing (LSAM) products and parts that are in high-demand regionally and globally.
Commenting on the company’s latest offering, Guy Neivens, Chief Executive Officer of Al Seer Marine, said: “Al Seer Marine is deeply committed to ensuring that its value proposition is constantly evolving in meaningful and innovative ways. The company’s decision to pursue additive manufacturing is testament to the technology’s growing influence and diverse applications across a range of sectors. This increased adoption has been largely driven by the digital process behind additive manufacturing, which allows for the creation of bespoke parts with complex geometries and little wastage – rapidly reducing costs and weight considerations while maintaining the part’s strength and integrity”.
“We are confident that our additive manufacturing business unit will be in a position to lead the segment across the region by 2025, introducing numerous advantages to our industrial capabilities and transforming the region’s shipping industry.”
According to Grand View Research, the global 3D printing market has been valued at USD 13.78 billion in 2020 and is expected to grow at an annual growth rate of 21% from 2021 to 2028. In addition, the growing demand for prototyping applications from various industries, including healthcare, automotive, and aerospace and defense, is expected to further drive market growth.
Founded in 2003, Al Seer Marine is a leader in marine services in the region with 1 billion paid-in capital and over 1,200 employees. As of 30 September 2021, the company’s assets amounted to AED 6 billion, compared to AED 717.81 million at the start of the year. Al Seer Marine provides vessels construction services, operation, refurbishment, and yacht management to private customers, as well as fulfilling public sector vessels contracts.
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