Palcam is, and has always been, recognized as an industry leader when it comes to manufacturing excellence and innovation. With approximately 30% of our resources towards researching better and more creative ways to manufacture its products.
Traditionally Palcam would spend most of its development efforts within the realm of Cutting Tool and Process Development, which targets the advancement of subtractive manufacturing methods. Although today we hear much about additive manufacturing, subtractive will remain relevant for years to come.
The main objective in our subtractive research efforts is to constantly improve our effectiveness in transitioning raw materials to finished goods, through the development of both our processing technology as well as our cutting tools development. Advancements in subtractive technologies, allow our customers to select more advanced materials for the products we manufacture, which in turn puts demand back onto process and cutting tool development.
Additive Manufacturing, a research priority for Palcam since 2008, has now become our fastest growing department. By the end of 2021 Palcam will have increased its current capacity to 10 powder bed machines, and 2 deposition machines, with build envelopes of 1 cubic meter. Palcam, stands alone globally in its ability to produce production capable tool steel components that outperform conventionally made billet components, with the added functionality enabled through additive design.
In support of our additive initiatives Palcam has invested in a fully equipped metallurgical laboratory, which allows for continual efforts towards materials development, testing and characterization. In addition to our laboratory Palcam has also installed equipment for both vacuum heat treatment and sputter coating allowing us have end to end control over the materials development cycle.