Chemical company Asahi Kasei has decided to invest in Castor Technologies, an Israeli start-up specialised in the development of 3D printing software. In addition to utilising the software and services, the investment will allow Asahi Kasei to pursue synergies between its CAE (Computer Aided Engineering) technical service for plastic products and Castor’s software.
The 3D printing market has grown by an annual average of over 20 percent since 2015. Through the emergence of rapid prototyping and manufacturing, this annual growth rate is likely to rise to 24 percent, increasing the need for an optimised technical service and faster response times to customer requests. When 3D printing is applied to conventional products, an engineer usually selects the candidate parts and decides whether to use 3D printing or not, sometimes modifying the shape to enhance 3D printability. In contrast, Castor’s software with its proprietary algorithm can automatically select parts that are suitable for 3D printing from CAD drawings of thousands of parts in a bill of materials (BOM) and propose shape modifications.
Asahi Kasei has been providing support for its customers’ product design and development through CAE technical service focused on engineering plastics. The investment in Castor could allow the company to add services for simple judgement of part formability and simulation of manufacturing costs. Applying Castor’s software and service prior to Asahi Kasei’s plastic CAE technical service can contribute to automate more advanced simulations. “Through this investment, we will further investigate the synergies between Castor’s software and Asahi Kasei’s CAE expertise,” said Yukihiro Bann, Senior General Manager for Business Strategy and Marketing, Mobility & Industrial SBU at Asahi Kasei Corp. “We aim to provide our customers with more advanced and automated real-time simulations, as well as to expand the range of technical services that both companies can offer.”
Stand vom 23.03.2021
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