Size matters: 3D printing gets real, scales up, cuts costs
Largix makes the big stuff that industry needs
"This will be a gamechanger for us. Nobody else is doing such technology. We estimate it will save us up to 50% in costs." – Geert Denutte, founder of CGK Group, Bruges.
Dear Josb,
Industrial storage tanks stand 4 meters high and each one must be made by hand. Not anymore.
CGK Group in Belgium produces room-sized tanks for storing and transporting hazardous liquids. The company is an investor and the first enthusiastic customer of Largix, creators of Cold 3D Printing and a proprietary Robotic Production Platform that is set to revolutionize 3D printing by scaling the process to industrial size and quality, at lower cost, with the most common materials.
OurCrowd is investing in Largix. The details in this email are based on information received from, and verified solely by, the company.
Industrial production
Largix's Cold 3D Printing technology is the first system that makes 3D printing possible for real industrial production, using polypropylene and polyethylene – common thermoplastic polymers that no-one else is capable of printing.
It will use smart sensors with real-time data and machine learning to produce large objects with the required bonding and welding strengths.
'Change completely'
CGK will soon take delivery of Largix's 3D printing machine that "will change completely" the company's production of room-sized storage tanks using common plastics, says CGK's CEO Tijl Charle.
"Largix is the only company that can print in these materials because of their technology," says Charle. "Nowadays, we produce our made-to-measure vessels out of semi-finished products. This needs a lot of manual labor next to a significant amount of scrap material. The platform will reduce our dependency on labor, increase our productivity and, next to the substantial labor-cost savings, the Largix Robotic Production Platform brings new opportunities in terms of shapes and new materials."
Carbon footprint
The technology also offers a significantly reduced carbon footprint. Large products previously shipped can now be produced onsite or close by.
"This will be a gamechanger for us," says Geert Denutte, the founder of CGK. "Nobody else is doing such technology. We estimate it will save us up to 50% in costs."
Because the technology is automated, it can work "25 hours a day," says Denutte, dramatically cutting the time required to produce the tanks.
Cut costs
Largix is seeing significant demand from the food, chemicals and cosmetics industries for large polymeric-based tanks. The technology will help manufacturers cut production costs in half and eventually improve overall productivity by 15 times. The next addressable market is even larger – building and infrastructure construction. Most custom-made construction is today done manually. Largix will deliver major innovation to that industry.
OurCrowd is leading this $2.5M SAFE with a 20% discount. This round is expected to carry the company to Q2 2023.
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