New Kinpo will expand 3D printer capacity

On January 13, 2017, the well-known Taiwanese 3D printer manufacturer Sanwei International (XYZPrinting) recently ushered in a good news-their parent company NewKinpo Group has officially announced that it will increase its existing factories in 2017 (located in the United States and India's production capacity, and a substantial increase in the number of employees (from the current 400 to 1000-1500) to expand the scale of product manufacturing, which includes 3D printers (and Dyson vacuum cleaners).

New Kinpo, parent company of XYZprinting, will expand 3D printer capacity

New Kinpo, parent company of XYZprinting, will expand 3D printer capacity

This is undoubtedly good news for Sanwei International, which means they will be able to make more profits. You should know that in recent years, this Taiwanese company ’s 3D printers have been selling very well, occupying a very high market share, and even ranked first in many market surveys! In the past 2016 alone, they sold 80,000 3D printers, and thanks to NewKinpo Group ’s new actions, this number is expected to increase significantly to 13-15 million in 2017.

In 2016, NewKinpo Group's total revenue was as high as 3.88 billion US dollars (about 26.7 billion yuan), and they expect that in 2017, this number is expected to increase by about 20% and eventually reach 4.7 billion US dollars-the main driving force may be their 3D Two types of products, printers and vacuum cleaners. In addition to increasing production capacity, the group also turned its attention to new 3D printing technologies and products, such as the more professional laser and inkjet printer market.

It is worth mentioning that Kinpo recently received a large order for a 3D printer from China's Lenovo Group. As part of this, they expect to provide 5000-10000 3D printers to the latter every year-this will undoubtedly bring huge profits to this Taiwanese company.

In addition, after the Lunar New Year in 2017, Simon Shen, CEO of NewKinpo Group, may also visit their construction site in Indiana, USA.

Editor in charge: Liu Qingqing

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