BASF [BAS:GR] will directly invest in Prismlab, a Chinese leading 3D printing developer, through BASF Venture Capital, as reported by Canadian Plastics on November 7. Prismlab has developed a high-quality but low-cost 3D printing process by using a patented SMS lighting curing method based on traditional SLA. The investment will be used to increase innovation further and expand their product range in the field of 3D printing. Also, the investment will enable Prismlab to increase market share globally.
BASF continues to increase their investments in the field of 3D printing to create a substantial presence in the industry. BASF invested into two 3D printing material manufacturers, Advac3D Materials and Set up Performance, in early July to enhance its 3D printing material product line. In the same month, BASF invested into Materialise [MTLS:US] hoping to improve the 3D printing process in various area including the consumable, auto, and aviation industries. Also, with their investment in Prismlab, BASF will gain materials, equipment, software, and technology to release more advanced 3D printers in the future.