XYZprinting aims to dominate 3D printer market


CNA

TAIPEI–XYZprinting Inc. (�T�n����), a unit of the Taiwanese electronics conglomerate New Kinpo Group (�s���_), on Thursday set a goal of becoming the world’s largest maker of three-dimension (3D) printers this year.

The company is expected to ship more than 100,000 3D printers worldwide in 2015, compared with around 30,000 units last year, its CEO Simon Shen (�H FD�a) said at a press briefing before New Kinpo’s year-end party on Thursday.

��We have the capability to become the world’s No. 1 and we must achieve that goal,�� Shen said. XYZprinting, founded in 2013, currently ranks as the second-largest manufacturer of 3D printers in the world, after Makerbot of the United States.

Shen said XYZprinting expanded its product range last year to food printers and a dual-color model with a scanner and will launch a ��secret weapon�� later this year to woo the market. He however did not give any details about the new product.

New Kinpo Group Chairman Rock Hsu (�\�Ӷ�) estimated that XYZprinting’s revenue will increase this year by an annual 384 percent to reach NT$2.2 billion (US$69.3 million).

On Jan. 6, XYZprinting’s da Vinci 1.0 3D printer, which went on sale in Japan last March at US$499, won the 2014 Nikkei Asian Review Award for Excellence, based on its affordable price, ease of handling and attractive exterior design.

Prior to earning the Nikkei award, the da Vinci 1.0 was selected for an Editor’s Choice Award at the Consumer Electronics Show in January 2013 and also received Computex Taipei’s Best Choice Award in June last year.

The research firm Gartner Inc. has forecast that worldwide shipments of 3D printers will total around 217,000 units in 2015, compared with about 108,000 units in 2014.

Gartner projected 3D printer shipments will more than double every year between 2015 and 2018, by which time global shipments will reach more than 2.3 million units. Production at Philippines factory New Kinpo Group said it will begin operations at its new factory in the Philippines later this quarter as part of efforts to move some labor-intensive production away from China.

The factory, operated by New Kinpo subsidiary Kinpo Electronics Inc., will formally open in February or March and start with a focus on low-end electronics like calculators, CEO Simon Shen told reporters ahead of the conglomerate’s year-end party on Thursday.

The group’s China factory, meanwhile, will shift its focus to high-end manufacturing to target the domestic market in China amid rapid increases in wages and signs of resilience in hiring there, he said.

New Kinpo invested NT$1 billion (US$31.5 million) in setting up the Philippines factory last year with plans to invest another NT$1 billion this year in the facility, which is forecast to account for around 10-30 percent of the group’s total revenue by the end of 2015, Shen said.

Established in 1973, New Kinpo Group consists of Cal-Comp Electronics, Kinpo Electronics and AcBel Polytech. The group has 23 subsidiaries, seven of which are publicly listed companies, and employs a total of 80,000 people.