#United States #Critical Minerals #6K Additive #EXIM Loan #Burgettstown

6K Additive Secures $27.4 Million EXIM Loan

6K Additive has made headlines with its recent announcement regarding the approval of a remarkable $27.4 million financing package from the Export-Import Bank of the United States (EXIM). This funding will bolster the company's efforts to expand its metal powder production capabilities in Burgettstown, Pennsylvania, thereby solidifying its position as a leader in the field of additive manufacturing and advanced alloys.

A Strategic Move for Domestic Production

This loan comes as a crucial part of EXIM's Make More in America initiative, which aims to enhance domestic production capabilities and safeguard critical supply chains across the nation. With this funding, 6K Additive plans to elevate its annual powder production from 200 metric tons to a staggering 1,000 metric tons. The expansion is targeted not only for the benefit of 6K Additive but also for the Department of War (DoW) and its supply chain partners, which will greatly benefit from the increased availability of high-quality metal powders.

As Frank Roberts, the CEO of 6K Additive, stated, "We are experiencing growth in demand for our refractory, titanium, and nickel powders for additive manufacturing. The EXIM financing allows us to meet this growth by expanding our state-of-the-art powder and alloy production capabilities. Furthermore, we aim to broaden our product offerings with ingots for forging and casting needs."

Creating Jobs and Opportunities

The EXIM loan is also expected to generate significant local employment opportunities in Pennsylvania. The expansion will create approximately 50 skilled positions within the organization, strengthening the workforce in area engineering, technical operations, and administrative roles. This investment not only reflects the growth of 6K Additive but emphasizes the revitalization of American manufacturing as a whole.

EXIM Chairman John Jovanovic conveyed the importance of this expansion, stating, "This expansion is proof that American manufacturing is innovating and growing. It emphasizes our commitment to rebuilding the nation’s industrial base and securing vital supply chains while advancing the U.S. toward being a leader in future-oriented industries."

Supporting Defense and Strategic Sectors

This expansion aligns strategically with national security priorities by securing advanced metal supplies essential for defense applications. The loan also builds on the Department of War's earlier investments through Title III of the Defense Production Act, further corroborating the government's commitment to fostering significant foundational capabilities.

As Michael Cadenazzi, the Assistant Secretary of War for Industrial Base Policy, remarked, "This U.S. Export-Import Bank loan will scale domestic production capacity for advanced metals needed for defense applications and strategic economic sectors."

Innovative Manufacturing Processes

6K Additive distinguishes itself with a production technique that leverages the award-winning UniMelt® microwave plasma process. This technology is not only eco-friendly but ensures that the metal powders produced are spherical, devoid of porosity, and capable of precise chemical control, setting a new standard in the industry.

The company is committed to utilizing sustainable resources in its production processes, which includes sourcing from certified feedstock like CNC millings and recycled additive powders. This commitment echoes across its diverse portfolio which features premium metals sought for defense and hypersonic missile applications, such as tungsten, niobium, and rhenium.

Conclusion

As 6K Additive embarks on this ambitious expansion with the support of the EXIM loan, it is set to not only enhance its manufacturing capabilities but also create substantial economic opportunities within the community. As demand for advanced materials continues to rise, 6K Additive stands poised to meet these needs while ensuring a more secure and resilient supply chain in the United States.

For more information on 6K Additive’s offerings and capabilities, visit 6KAdditive.com.