Peekay Group has signed an agreement with Bengaluru Airport City (BACL) to develop a 3D Printing technology facility at the Airport City that is being developed in the BLR Airport premises. BACL is a wholly-owned subsidiary of Bangalore International Airport (BIAL).
This facility will house a production centre as well as an experience zone to learn 3D printing & ideate for innovative solutions. In addition, the facility will be used to train technology experts, up-grade skills, increase awareness of various 3D printing applications. This will play a role in engaging youngsters in this new era of technology driven manufacturing.
3D Printing also known as Additive Manufacturing has wide applications including architecture, construction, automotive, aerospace, military, bio-tech (human tissue replacement) jewellery, education and many other fields.
The global 3D printing market size is estimated to reach US$ 62.79 billion by 2028 and is expected to witness a CAGR of 21.0% from 2021 to 2028. McKinsey predicts that Additive Manufacturing could have an economic impact of $550 billion annually by 2025.
Traditional manufacturing has a negative effect on the environment, while 3D printing has been able to significantly reduce the carbon footprint.
“We are delighted to partner with the Peekay Group to develop a state-of-the-art 3D Printing technology facility as part of our Airport City. Bengaluru is emerging as one of the world’s leading tech innovation hubs, and at BACL our focus will be to continue partnering with companies in the fields of advanced electronics manufacturing, robotics & artificial intelligence, space technology, 3d printing, quantum computing, chip design, digital content, online gaming, online education, fintech, agricultural technology and healthcare technology. We are confident that these initiatives will continue to further add impetus in making Bengaluru a knowledge-based economy,” said Rao Munukutla, CEO, BACL.
“The company’s strategy has continually been enhancing productivity and aligning with external factors such as the environment, climate change, and renewable energy. Peekay is investing in a standalone technology centre at Airport City to diversify its business into new areas like aerospace, healthcare, renewable energy and transform itself as a tech-driven manufacturing company globally. We would be incorporating metal printing in addition to sand and ceramic in future expansion” said KE Shanavaz, joint MD, PeeKay Steel Castings.
The giant 3D sand printing machine, VX-4000 from Voxeljet, that will be installed at Airport City would be the first-of-its-kind globally. This will be most efficient and environmental-friendly with no carbon emission– in line with Bangalore International Airport Limited’s sustainability framework.
Peekay Group has signed an MoU with the machine manufacturer Voxeljet, Germany to train technocrats, up-grade skills, increase awareness of various additive manufacturing technologies in the world and thus play a major role in engaging youngsters in this new era of manufacturing.
“VX4000 is the largest sand 3D printer in the world, and this will be the first VX4000 installation worldwide for an integrated training centre and service facility. This opens up many possibilities for academia as well as industry to experience the technology first-hand,” said Rudolf Franz, COO & CFO Voxeljet AG.