Arcam AB’s powder manufacturing subsidiary AP&C, based in in Montreal, Canada, has agreed on a financing arrangement with Investissement Québec (IQ) whereby IQ supports AP&C’s investment in a new powder plant with interest free loans and grants.

The investment totals CAN$31 million and IQ will supply interest free loans up to CAN$10 million and grants up to CAN$1.5 million. The expansion of AP&C follows on from significant growth in 2015 and 2016 and a surge in demand for AP&C’s titanium powders for additive manufacturing.

With this investment we can provide our existing and future clients with superior quality materials to meet the high manufacturing standards of the aerospace and biomedical industries,’ said Alain Dupont, President of AP&C. ‘The new powder production facility and advances in atomization facility and advances in atomization technology, will significantly increase our production capacity in 2017 and beyond.’

This story is reprinted from material from AP&C, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.