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Liberty Powder Metals, owned by Liberty House Group, an industrial metals company based in the UK, has received a £4.6 million investment to develop specialty alloy metal powders for 3D printed car parts.
As part of the Liberty House scheme, this investment comes from Liberty Steel and the CASCADE project, a Research and Development initiative funded by the UK Government. Ben Houchen, Mayor of the Tees Valley, North Yorkshire, where the project will be based, stated:
STAYING - AHEAD - THE - CURVE - ON
“STAYING AHEAD OF THE CURVE ON NEW TECHNOLOGIES LIKE SPECIALTY METAL POWDERS, AND THE 3D PRINTED PRODUCTS THEY’RE USED IN, COULD CREATE A WHOLE NEW INDUSTRIAL CLUSTER AND MANY JOBS FOR LOCAL WORKERS.”
Inside the Liberty Steel site in Stocksbridge, Sheffield. Photo via Liberty House.
Week - Cabinet - Meeting - Mayor - Houchen
Last week, at a cabinet meeting, Mayor Houchen, leader of the Tees Valley Combined Authority (TVCA) signed off the investment for the project which will be based at the Materials Processing Institute (MPI) located in Middlesbrough. As a result of this location, the project will have access to an atomizer, two of its kind in the UK, which will enable collaborative research programmes into advanced materials.
“This investment will give Teesside the chance to compete in a potentially huge new global market,” added Mayor Houchen.
FACT - A - COMPANY - AS - BIG
“THE FACT THAT A COMPANY AS BIG AS LIBERTY HAS CHOSEN TO BRING THIS PROJECT TO THE TEES VALLEY SHOWS THAT WE ARE A REAL MAGNET FOR RESEARCH AND DEVELOPMENT AND FOREIGN DIRECT INVESTMENT. IF WE KEEP BACKING OUR JOB CREATORS, INNOVATORS, ENTREPRENEURS, AND RISK TAKERS, PRIVATE INVESTMENT WILL FLOOD INTO OUR AREA TO DEVELOP FUTURE-PROOF INDUSTRIES LIKE THIS ONE.”
In 2011, SSI, a Thai steel firm, acquired the Teesside Cast Products plant in Redcar, North Yorkshire. In 2015, this plant went into...
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