Palcam Technologies Ltd. - Launches an additive manufacturing initiative focused on the development of tooling components for the High Pressure Aluminum Die Casting sector leading to efficiency gains in manufacturing resulting from reductions in cycle time, energy inputs, and tooling cost. These advancements will also expand capacities of the die cast process itself, leading to increased aluminum content per vehicle resulting in lighter more efficient vehicles.
This initiative is budgeted to invest $20M over the next 5 years, and create 100 high technology manufacturing positions in South Ontario. Palcam will continue its work with local colleges, and universities to communicate career opportunities within the manufacturing sectors.
Lastly the knowledge and technological advances resulting from this project will be applicable to all sectors of manufacturing – aerospace, power generation, medical, as well as automotive.