On October 4, 2018, the British company Liberty Powder Metals, a subsidiary of Liberty House, has received a ￡ 4.6 million investment. The funds will be used to develop and manufacture special alloy metal powders for 3D printed automotive parts.
The total cost of the scheme is ￡ 9.83 million, of which nearly ￡ 4 million comes from the Liberty and CASCADE projects, a research and development programme funded by the British government and led by Liberty. The project will be established at the South Shore Materials Processing Institute to enable Liberty to gain access to scientific expertise provided by non-profit institutions to develop new materials, processes and technologies.
Liberty expects the specialty alloy metal powder market to grow rapidly and hopes to use Tees Valley's facilities to gain a place in the international market. Mayor Houchen chaired a cabinet meeting and said: "Maintaining a leading position in new technologies such as specialty metal powders and the 3D printing products they use can create a whole new industry cluster and create many jobs for local workers. This just shows that If we continue to support our creators, innovators, entrepreneurs, and risk takers, private investment will pour into our region to develop industries such as the future. "Redcar and Cleveland Council Leaders and Tees Valley United Sue Jeffrey, a member of the Cabinet of the Authority, said: "This is an investment in the metals industry of the future, demonstrating that the industry's prospects in the Tees Valley are still very good. It not only brings the promise of high-skilled jobs now, but also many ready-made A highly-skilled workforce and young people who are currently educated and trained, and want local employment. "
Liberty Pressed Metals provides highly engineered powder metal products such as gears, sprockets, cams, bushings, bearings, etc., which can be used in a variety of materials such as steel, alloy steel, stainless steel, copper infiltrated steel, brass, bronze …