6K Additive has received a significant boost in its efforts to expand production capacity with the approval of a USD 27.4 million loan from the Export-Import Bank of the United States (EXIM). This funding is part of EXIM’s Make More in America initiative and aims to enhance domestic manufacturing of critical metal powders essential for defense and other high-tech applications.
The expansion in Burgettstown, Pennsylvania, will increase 6K Additive’s powder production capacity from 200 metric tons to over 1,000 metric tons annually. This strategic move will not only support the company’s growth in additive manufacturing but also enhance the supply chain for the Department of War (DoW) and its commercial partners.
The EXIM loan complements a USD 23.4 million Defense Production Act grant that 6K Additive previously received, further solidifying the company’s commitment to expanding its facilities. According to Frank Roberts, CEO of 6K Additive, the financing will enable the company to meet the rising demand for advanced materials such as refractory, titanium, and nickel powders. He mentioned, “The EXIM financing supports scaling to meet this growth by expanding our state-of-the-art powder and alloy footprints.”
John Jovanovic, EXIM Chairman, emphasized the loan’s importance in revitalizing American manufacturing. He stated, “This expansion is proof that American manufacturing is innovating and growing.” Jovanovic highlighted the initiative’s role in securing critical supply chains and ensuring U.S. leadership in future industries.
The loan also received praise from Michael Cadenazzi, the Honorable Assistant Secretary of War for Industrial Base Policy. Cadenazzi noted, “This U.S. Export-Import Bank loan will scale domestic production capacity for advanced metals needed for defense applications and strategic economic sectors.” He further emphasized that the loan represents a collaborative government approach to strengthening the nation’s industrial base.
The Make More in America Initiative (MMIA), launched in April 2021 with an initial allocation of USD 3 billion, focuses on enhancing domestic manufacturing capacities and securing supply chains. EXIM evaluates applications based on their potential to create jobs and align with national security priorities.
The expansion is expected to generate approximately 50 new skilled positions in engineering, technical operations, and administrative roles, providing valuable opportunities for local residents. 6K Additive specializes in producing a full suite of premium metal powders, including titanium and refractory metals, which are in demand for defense and hypersonic missile production.
Utilizing the innovative UniMelt® production-scale microwave plasma process, the company ensures high-quality metal powders with consistent properties, free from contamination. This technology allows for precise spheroidization and better flowability compared to traditional methods.
For more information about 6K Additive and its offerings, potential partners are encouraged to visit their website at 6KAdditive.com.
As 6K Additive embarks on this ambitious expansion, the investment symbolizes a broader commitment to fostering sustainable domestic manufacturing and enhancing the U.S.’s competitive edge in strategic sectors.
