Farsoon Technologies, a leading supplier of plastic laser sintering and metal laser melting systems, is reporting doubled revenue growth in the Chinese market during the first three quarters of 2020, compared to the same period of time in the previous year. The company expects significant growth through the end of the year.
In the latter half of 2019, with the rapid raising industrial additive manufacturing applications in China, Farsoon made significant progress with increasing sales orders in major industries such as aerospace, manufacturing, and molding. All these contributed to revenues in the first three quarters of 2020 as well.
Farsoon’s large-frame metal systems including the (with a build platform size of 620×620mm and a vertical axis of 1.1 meters) and the FS421M (build platform size of 425 × 425 × 420 mm) offer industrial customers large-sized parts and volume production capabilities that are unique in the additive market. To date, multiple FS621M systems have been installed at various Chinese large-scale manufacturing customers; and the FS421M has recorded cumulative sales of over 30 systems globally. Earlier this month, one of Farsoon’s key industry partners, Falcontech, a leading manufacturing service provider in the metal additive market, received its 20th Farsoon metal system, of which 19 are large-format Farsoon FS621M and FS421M systems – well on the way to their target of 50 machines for Falcontech’s proposed Super AM Factory expansion plan.
Farsoon’s flagship plastic production platform 403P also saw increasing multiple-machine orders in both China and the international markets. Advantages including high-productivity, ease of use, open configurations and economics have helped customers to achieve high-volume, industrial-scale plastic AM production. WeNext, a key production and prototyping customer, currently has a total of 11 Farsoon 403P and Flight 403P in operation at their new AM facility. Earlier in June, rapid product manufacturing GmbH (rpm) announced the installation of 2 Farsoon 403P to replace of their older SLS machines and increase their manufacturing capacity in their factory in Germany. Furthermore, major laser sintering part producer FKM Sintertechnik in Germany now operates a total of 4 Farsoon plastic production systems, including the Farsoon HT1001P.
After the impact of the Covid-19 pandemic in China during early February, Farsoon headquarters have seen a return to normal operations in Q2 and Q3. The Chinese AM market has seen a good recovery with increasing sales orders. Farsoon’s production operations have expanded to meet growing demand with multiple shifts working 7 days a week to meet machine delivery dates. On the other hand, Farsoon headquarter is planning a large-scale expansion of production facilities in 2021.
In the global market, despite the Covid19 pandemic and economic crisis, Farsoon Europe GmbH has already achieved revenues equal to those of the previous year by end of July 2020. Farsoon Americas has seen increased business during the second half of 2020 and has actively expanded sales and support capabilities to better serve the North American customers.
Despite the economic challenges in 2020 Farsoon has seen significant growth to its business. With operations returned to normal at Farsoon headquarters we are eager to support our customers and partners both in China and globally to fulfill their needs during these challenging times. With growing production capacity and support capability, we are confident in growing the additive manufacturing market going into 2021.