Abu Dhabi-based Al Seer Marine Supplies & Equipment Company, a leading marine organization in the Arabian maritime region and a subsidiary of International Holding Company (IHC) – a full services management and investment firm, today announced the launch of its additive manufacturing unit.
Additive manufacturing, also known as 3D printing, uses computer-aided design (CAD) software or 3D scanners to produce curves, surfaces, and solids in three-dimensional space. This technology offers several advantages during the manufacturing process, allowing engineers to design parts of increased complexity in significantly shorter time frames.
Al Seer Marine’s new unit will utilize the latest additive manufacturing technology for the company’s in-house manufacturing of ships and remote-controlled 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 newest division of the company, Jay Nevins, CEO of Al Seer Marine, said, “Al Seer Marine is committed to ensuring its product and always working to continuously develop its value additions in purposeful and innovative ways. The company’s decision to pursue additive manufacturing is testament to the growing impact of diverse technology and applications across a range of sectors. This increased adoption has been largely driven by the digital process behind additive manufacturing, which allows customized parts to be created with complex geometries and low wastage – rapidly reducing costs and weight considerations while maintaining the strength and integrity of the part.”
“We are confident that our additive manufacturing unit will be in a position to lead the sector across the region by 2025, delivering numerous advantages to our industrial capabilities and transforming the region’s shipping industry.”
According to Indian market research and business consulting firm Grand View Research, the global 3D printing market was valued at $13.78 billion in 2020 and is expected to increase at an annual growth rate of 21% up to 2028. The growing demand for prototyping applications from various industries, including healthcare, automotive, aerospace, and defence, is expected to drive the market growth further.
Founded in 2003, Al Seer Marine is a listed company on the Abu Dhabi Securities Exchange (ADX) and is a regional leader in marine services including shipbuilding, commissioning, overhauling, and yacht management services to private clients, as well as fulfilling public sector vessel contracts.