Asahi Kasei is investing in Israeli startup Castor Technologies Ltd (CASTOR), which specializes in 3D printing software. The partnership enables synergies between CASTOR’s software and services and Asahi Kasei’s expertise in computer-aided engineering (CAE) for plastics.
According to the “2022 3D Printing Trend Report,” the global 3D printing market has been growing at over 20% annually since 2015. With the advent of rapid prototyping & manufacturing, this trend will continue to grow and increase the need for optimized technical services and faster customer response times.
CASTOR’s software uses a proprietary algorithm to automatically select parts suitable for 3D printing and suggest shape changes from CAD drawings of thousands of parts in a bill of materials (BOM). It also enables further optimization of manufacturing processes by estimating manufacturing times, costs and CO2 emissions of the analyzed parts.
Asahi Kasei provides comprehensive CAE services for engineering plastics in product design and development.
“Through this investment, we will further investigate the synergies between CASTOR’s software and Asahi Kasei’s CAE expertise,” said Yukihiro Ban, Senior General Manager for Business Strategy and Marketing, Mobility & Industrial SBU at Asahi Kasei Corp. “We aim to provide our customers with more advanced and automated real-time simulations, as well as to expand the range of technical services that both companies can offer.”
Find out more about Asahi Kasei at asahi-kasei.com.
For more information about CASTOR, please visit 3dcastor.com.