US 3D printer manufacturer Formlabs makes major investment in Hungary

Boston-based 3D printer manufacturer Formlabs is establishing in Hungary its first development centre outside the United States, with an investment of two billion forints (6.14 million euros).

“Within the 3D printer industry, it is the development of the software that serves as the basis for a printer to function at the highest level, and it is in this segment that Hungary and those Hungarians who have undertaken a role in the development of 3D printers in recent years have now received a great honour,” said the country’s minister of foreign affairs and trade Péter Szijjártó.

The information technology and production sector, of which the manufacturing of 3D printers is a part, now provides jobs for 132,000 people in Hungary, 19 per cent more that one year ago

The minister added that Boeing, Tesla, Apple, Sony and Gillette all use applications or equipment produced by Formlabs, meaning the work of Hungarian development engineers will be trackable in some of the world’s most well-known products in upcoming years.

“The significance of the company’s investment in Hungary points to the future with relation to the fact that it will be training young Hungarians for the next global economic era since the close cooperation established with the Budapest University of Technology and Economics (BME) is affording engineering students the opportunity to try themselves out in this high-added-value sector of industry,” he said.