XYZprint­ing eyes up a big­ger share of China mar­ket

The China Post - - TAIWAN BUSINESS -

XYZprint­ing Inc. ( ), the three­d­i­men­sion (3D) print­ing di­vi­sion of Tai­wanese elec­tron­ics con­glom­er­ate New Kinpo Group ( ), fore­cast Wed­nes­day that China will be­come one of its ma­jor mar­kets next year as it is mak­ing a push into that coun­try’s ed­u­ca­tion sec­tor.

XYZprint­ing shipped about 30,000 3D prin­ters last year and ex­pects the fig­ure to reach to 120,000 units this year, with the US ac­count­ing for around 50 per­cent, said the com­pany’s CEO Simon Shen.

But by 2016, the com­pany’s ship­ments to China may equal those to the U.S., he said, not­ing that the Chi­nese gov­ern­ment has new pol­icy to in­stall a 3D printer in each of its roughly 400,000 el­e­men­tary schools over the next two years.

XYZprint­ing is al­ready tak­ing ad­van­tage of this pol­icy and has started sell­ing its 3D prin­ters to sev­eral Chi­nese el­e­men­tary schools, Shen said, at the Tai­wan launch of its en­try-level da Vinci Jr. 1.0 3D printer.

Shen said his com­pany also teamed up with Magic Fac­tory, a new e-com­merce sub­sidiary of Chi­nese PC maker Len­ovo Group Ltd., on March 25 to give Chi­nese con­sumers broader ac­cess to its 3D prin­ters.

Driven by China’s new pol­icy and the wider avail­abil­ity of XYZprint­ing prod­ucts, the com­pany is ex­pected to show a profit for the full year 2015, Shen said.

Gary Shu, se­nior manager of XYZprint­ing’s mar­ket devel­op­ment di­vi­sion, said the com­pany’s monthly ship­ments reached a high of 5,000 to 6,000 units in Novem­ber 2014, driven by pro­mo­tional events in the U.S.

CNA

A model strikes a pose by a 3D printer by XYZprint­ing, in Taipei, yes­ter­day. XYZprint­ing, a di­vi­sion of Tai­wanese elec­tron­ics con­glom­er­ate New Kinpo Group, fore­cast yes­ter­day that China is poised to be­come one of its ma­jor mar­kets. XYZprint­ing shipped about 30,000 3D prin­ters last year, with the U.S. ac­count­ing for around 50 per­cent. By 2016, the com­pany’s ship­ments to China may equal those to the U.S., said the com­pany’s CEO Simon Shen ( ) yes­ter­day.

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