Amaero International Limited has received a $23.5 million loan from the Export-Import Bank of the United States (EXIM). This funding will significantly expand Amaero’s production of Additive Manufacturing powders. This move positions the company to become the largest US domestic manufacturer of refractory and titanium alloy powders. These materials are essential for aerospace and space industries.
Loan Supports Domestic Manufacturing and Job Creation
The EXIM loan supports Amaero’s strategy to enhance domestic manufacturing and supply chain resilience. It is the first loan under EXIM’s Make More in America initiative (MMIA) focused on advanced materials and Additive Manufacturing. Amaero will use the funds to increase production capacity. This includes commissioning a new advanced atomizer and purchasing additional atomizers.
Amaero’s Chairman and CEO, Hank J. Holland, highlighted the company’s alignment with US policy goals. Amaero plans to invest approximately $50 million in equipment and facility improvements. This investment aims to create about 150 skilled jobs. It will also help address critical gaps in US manufacturing, particularly in aerospace and space exploration.
Focus on Titanium and Refractory Alloy Powders
Amaero will expand its production of titanium and refractory alloy powders. These materials are vital for mission-critical components in aerospace and space. By producing these materials domestically, Amaero will meet growing demand and support US export capabilities.
Amaero’s investment in advanced atomization technology will ensure high-quality powders for Additive Manufacturing. This process creates complex parts with superior performance for demanding applications. This move contributes to the US effort to restore domestic manufacturing and reduce reliance on overseas production.
Leave a Reply
You must be logged in to post a comment.