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Is Forward AM Insolvent?
Forward AM has been serving the entire value chain of additive manufacturing since it was founded as part of BASF. Consulting, simulation of prototypes, final processing and component testing are just as much a part of the services as the…
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Forward AM has been serving the entire value chain of additive manufacturing since it was founded as part of BASF. Consulting, simulation of prototypes, final processing and component testing are just as much a part of the services as the development of materials, for which Forward AM is best known. The comprehensive material portfolio includes filaments, powders and photopolymers, which have gained the trust of well-known companies and have been used for various impressive use cases. The list of companies that work with Forward AM materials is long. HP 3D Printing, Weerg, Nexa3D, Creality 3D and Axtra3D are just a few of them, highlighting Forward AM’s relevance in the 3D printing market.
Where the company is today is the result of a long journey and as a new brand, Forward AM wanted to really take off, as Managing Director Martin Back said in a press release in mid-October: “This transformation from BASF 3D Printing Solutions, known as BASF Forward AM, to our new brand, Forward AM, represents our evolution. (…) We welcome you to be part of this journey, and together, we will continue to lead and evolve the world of AM. The future is bright, and we can’t wait to explore the possibilities with you.”
It seemed like things could not be going any better. Then a few days ago, media reports emerged about Forward AM going into insolvency. Could it be that the future is not as bright for the company as assumed?
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