Norsk Titanium, a supplier of aerospace-grade, additive manufactured, structural titanium components, has announced it has received a significant investment from Triangle Holdings, affiliates of Fortress Investment Group. While Norsk Titanium has not disclosed the exact figure, Triangle Holdings has invested over USD $1.2 billion in the aerospace industry since it was formed in 2011.
Norsk Titanium will use the investment from Triangle to further advance the companys manufacturing capabilities and expand 3D printing applications for the aerospace industry. Currently, Norsk Titanium operates out of its USD $125 million Plattsburgh facility in New York which plans to expand by the end of 2017. At the Plattsburgh plant, Norsk Titanium 3D prints titanium with the Rapid Plasma Deposition (RPD) process contained in Merke IV machines.