Koch backed startup creates highly efficient distribution model for metal powders
FAIRFIELD, OHIO (PRWEB) MAY 11, 2021
KBM Advanced Materials, LLC (“KBM”) has formally launched operations to finance, sell and distribute metal powders to companies in the additive manufacturing, metal injection mold (“MIM”), and broader advanced manufacturing markets; the leading consumers of these powders.
The unique distribution network established by KBM will allow it to become the inventory bridge between a dispersed advanced manufacturing customer base and large metal powder producers. The business model will enable an enhanced customer experience, for producers and consumers, including exceptionally fast quoting and shipping - providing customers with product within days.
Producers can schedule their production equipment to larger regular blanket orders from KBM. Customers can book jobs, plan R&D and operate their businesses knowing that KBM has in stock their raw material and it is only days away. This positions KBM as a value-added partner to both producers and consumers of metal powders.
In addition, KBM will also provide a valuable e-commerce platform for customers that is not currently available at scale from any producer or supplier. Digital manufacturing deserves a digital marketplace for physical materials.
The powder will be sold under the powder producer’s brand name, ensuring customers they are receiving top quality product for their manufacturing requirements. Furthermore, the brand equity and recognition of the producers will be retained and enhanced as access to their products is increased. Currently KBM has inventory agreements with Carpenter Additive (a division of NYSE: CRS), Höganäs AB, and Tekna Holdings AS. KBM CEO Kevin Kemper commented on the value of these trusted partnerships to serve customers, “It is essential to us that we partner with companies that are established industry leaders in order for our customers to have the confidence that they are receiving the best possible product and service. Our current catalogue of powder producers are some of the most trusted in the industry.”
Support for KBM includes equity investment from Koch Metallics, LLC, a subsidiary of Koch Minerals & Trading, LLC, and Sumitomo Corporation of Americas is acting as a supply chain partner. Technical and commercial support is provided by The Barnes Global Advisors (“TBGA”), the largest independent additive manufacturing engineering consultancy. Koch Metallics Vice President Hap Palmer provided insight on this valuable partnership; “Koch is excited to partner with KBM as they look to transform the additive manufacturing supply chain. The team at KBM Advanced Materials thoroughly researched the market and provided a business plan that left no doubt as to their ability to revolutionize the additive manufacturing and MIM metal powder marketplace. This investment opportunity supports Koch’s mission to create a mutually beneficial partnership that will build more efficient supply chains in exciting and growing industries.”
To further introduce KBM capabilities to the industry, the company will host an online launch on Thursday, May 20 at 1 PM ET (10 AM PT). Stakeholders will provide a short overview, followed by breakout networking, all held on the unique online conference platform, REMO.
About KBM Advanced Materials:
KBM Advanced Materials, LLC (“KBM”) is a newly established company formed to finance, sell, and distribute metal powders to the additive manufacturing, MIM, and other advanced manufacturing markets. The KBM team is comprised of industry veterans in sales and operations ready to support the metal powder industry. KBM is based in Fairfield, OH with representatives throughout the United States. For more information visit https://kbmadvanced.com/
About Koch Minerals & Trading, LLC:
Koch Minerals & Trading, the parent of Koch Metallics, specializes in the innovative exchange and logistics of global commodity products and services, and the development of investments into profitable ventures and new platforms. Koch Minerals, through its subsidiaries, is engaged in dry-bulk commodities (petroleum coke, sulfur, and pulp and paper products), steel, technology and other investments. Koch Supply & Trading companies around the world trade crude oil, intermediate feedstocks, refined petroleum products, residual fuel oil, gas liquids, natural gas, liquefied natural gas, power and emission allowances, metals, and other commodities. For more information visit https://www.kochind.com/companies/koch-minerals
About Sumitomo Corporation of Americas:
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has 8 offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services. As an integrated business enterprise, Sumitomo Corporation has emerged as a major organizer of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide. The company's core business groups include Metal Products, Transportation & Construction Systems, Infrastructure, Media & Digital, Living Related and Real Estate, and Mineral Resources, Energy, Chemical & Electronics. For more information visit http://www.sumitomocorp.com
About The Barnes Global Advisors:
The Barnes Global Advisors is the largest independent additive manufacturing engineering consultancy. Headquartered in Pittsburgh, Pennsylvania, TBGA has impact on five continents and throughout the United States. TBGA helps companies work through their AM adoption via strategy, design, leadership, training, metallurgy, economics, and communications. The team is comprised of seasoned specialists with well over 130 years combined experience in additive manufacturing. For further information, please visit http://www.barnesglobaladvisors.com