$25 million investment
BASF is expanding its co-operation with Materialise, a leading supplier of 3D printing technologies. At the same time, BASF has agreed to invest $25 million in the Belgian company, which is headquartered in Leuven. The partners intend to accelerate the development of innovative applications and new materials. Says Volker Hammes, Managing Director of BASF 3D Printing Solutions GmbH: “With its 3D printing facilities in Leuven and innovative software solutions, Materialise has an outstanding infrastructure. Together, we can exploit our strengths even better to advance the 3D printing sector through the development of new products and technologies together with our partners and our customers.”
Adds Fried Vancraen, Materialise CEO: “We are confident that this collaboration with a leading manufacturer of materials will help to accelerate the adoption of 3D printing in existing vertical markets and create significant business opportunities in new markets.”
Flying the flag
According to a new CBI report, a long-term, cross-government strategy, rather than short-term initiatives and campaigns, is the best way for the UK to export more and be a leading trading nation post-Brexit. Winning Worldwide, published ahead of the Department for International Trade’s (DIT) new Export Strategy, sets out a raft of practical proposals, including Deputy Heads of Mission in British Embassies be given new responsibilities for trade and export promotion in countries across the globe, and a high-profile business person be appointed HM Chief Trade Ambassador to champion exports and more UK trade missions should also be led overseas.
However, as Ben Digby, CBI International Director, noted: “Ultimately, it is businesses that trade though, not the Government. As firms look forward to the Government’s Export Strategy, their needs must remain at the heart of the UK’s approach to trade, as we both seek to create a truly global Britain.”
To read the full report search online for: CBI – Winning Worldwide.