Castor states that its software and proprietary algorithm can automatically select parts that are suitable for 3D printing. Credit: Castor and Asahi Kasei.

Castor Technologies is based in Israel and specialises in industrial 3D printing.

With the investment, Asahi Kasei aims to synergise its computer-aided engineering (CAE) technical service for plastic products and Castor’s technology.

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The multinational chemical company also hopes to capitalise on the growing 3D printing market, which GlobalData forecasts will be worth $70.8bn, growing at a compound annual growth rate (CAGR) of more than 18% between 2021 and 2030.

Castor states that its software and proprietary algorithm can automatically select parts that are suitable for 3D printing from drawings of thousands of parts in a bill of materials (BOM) and propose shape modifications.

The system can also reportedly optimise customers’ manufacturing processes by estimating manufacturing lead times, costs, and CO₂ emissions of the analysed parts.

The start-up’s service for simple judgement of part formability and simulation of manufacturing costs is expected to enable swifter responses to Asahi Kasei’s customer inquiries.

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Asahi Kasei business and marketing Yukihiro Bann senior general manager comments: “We aim to provide our customers with more advanced and automated real-time simulations, as well as to expand the range of technical services that both companies can offer.”

Last month, Asahi Kasei launched a chemical recycling project to reduce more greenhouse gas (GHG) emissions than the conventional PA66 manufacturing process.