CHICAGO, Sept 19 Package delivery company United
Parcel Service Inc said on Monday it will expand its 3D
printing services to Asia with a new facility in Singapore run
by its partner Fast Radius that will open by the end of 2016.
UPS rolled out a similar service in May in the United
States. The company owns an undisclosed stake in Fast Radius,
which has a 3D printing factory at the Atlanta-based package
delivery company's hub in Louisville.
In the United States, UPS customers can have parts printed
at the Fast Radius factory or at one of 60 UPS Stores equipped
with 3D printers and then shipped to them.
UPS also plans a 3D printing hub in Europe. The company sees
3D printing as a potential threat to its warehousing business
where it stores parts for manufacturers, so its strategy is to
embrace the new technology and incorporate it into its business
Also known as additive manufacturing, 3D printing works by
laying down successive levels of material, mostly plastics at
this point, to create an object.
(Reporting By Nick Carey; Editing by Jacqueline Wong)