Xaar, a leader in inkjet technology, has inaugurated its new 3D printing facility at Nottingham Science Park. This strategic move is expected to significantly boost the company’s operations and revenue.
The new premises, located in the renowned William Lee Buildings, marks a major step in Xaar’s growth strategy aimed at doubling its revenue. This development not only enhances Xaar’s manufacturing capabilities but also aligns with its commitment to innovation and collaboration with regional talent.
Strategic Location and Expansion Goals
The selection of Nottingham Science Park as the new site for Xaar’s 3D printing arm is a strategic decision aimed at leveraging local academic expertise. With universities nearby focusing on 3D printing, design, and manufacturing, Xaar is well-positioned to foster innovation and growth.
Neil Hopkinson, Director of 3D Printing at Xaar, highlighted the importance of this location. He stated, “3D is an important part of Xaar’s growth strategy,” emphasising the region’s contribution to nurturing future talents crucial for advancing their technology.
Investment and Renovation
Xaar has invested significantly in refurbishing its new premises to create an optimal environment for its expanding 3D printing business. These investments underline Xaar’s commitment to establishing a robust manufacturing base that supports its ambitious revenue goals.
The renovation of units five and six within the William Lee Buildings demonstrates Xaar’s dedication to creating a state-of-the-art facility. This upgrade aims to support not only current operations but also future expansions, enabling the firm to remain at the forefront of technology advancements.
A Boost to Local Economy
The establishment of Xaar’s facility is expected to contribute positively to the local economy by creating job opportunities and fostering partnerships.
With the influx of new businesses and talent, the Nottingham area is poised to become a hub for advanced manufacturing and technology, building a reputation for innovation and expertise in the 3D printing sector.
The presence of a leader like Xaar enhances the region’s credentials as a key player in technological advancements, encouraging more firms to invest in the area.
Future Prospects and Ambitions
Xaar’s ambitious target to increase its annual revenue from £100 million in 2016 to over £200 million by 2020 reflects its commitment to growth and innovation. The Nottingham site is a cornerstone of this strategic plan.
This expansion is expected to drive technological advancements and establish Xaar as a frontrunner in the 3D printing industry, pushing the boundaries of what is possible with inkjet technology.
Such prospects are likely to attract both local and international interest, positioning Nottingham as a significant centre for technological development.
Collaboration with Local Institutions
The proximity to universities and educational institutions enables Xaar to collaborate with fresh talents, which is crucial for fostering innovation and creativity.
By integrating academic knowledge with practical applications, Xaar aims to bridge the gap between education and industry demands, enhancing its development capabilities.
This synergy not only benefits Xaar but also provides students with invaluable industry exposure, preparing them for future careers in technology.
Community and Industry Impact
Xaar’s establishment in Nottingham is seen as a catalyst for community growth, potentially transforming the region into a centre of excellence.
Councillor Jon Collins acknowledged the positive impact, stating, “Xaar’s move to Nottingham is a welcome one,” highlighting the benefits of strategic investments in infrastructure and business partnerships.
Such developments are expected to enhance the region’s attractiveness to investors and stimulate further economic growth.
Commitment to Innovation
Xaar’s expansion underscores its commitment to continuous innovation and excellence in 3D printing technology.
By creating a hub at Nottingham Science Park, Xaar is set to lead advancements, ensuring it remains competitive in the rapidly evolving tech landscape.
The opening of Xaar’s 3D printing facility at Nottingham Science Park represents a pivotal moment in its growth journey, positioning it for future success.
As Xaar continues to push technological boundaries, its presence in Nottingham promises to drive significant economic and innovative developments in the region.