Home » COBOD sees 40% growth, selling ‘more than all other providers combined’

COBOD sees 40% growth, selling ‘more than all other providers combined’

by Liam Turner
PERI breaks ground on US' largest 3D printed building

3D printing construction firm COBOD has released its 2022 Annual Report, showing a 40% increase in sales over the previous year.

The Denmark-based global 3D printing provider says the results showcase the company’s “impressive” financial performance and strategic expansions.

Despite the global chaos caused by the outbreak of the war in Ukraine and subsequent economic turbulence, COBOD increased its sales by nearly half, from €11m (c.£9.4m) to nearly €16m (c.£13.6m).

The results show that COBOD was profitable for the fourth year in a row, with profits of almost €1m (c.£850,000).

The company says it continues to concentrate on the development and sales of cutting-edge 3D construction printers, leaving the execution of construction projects to its global network of clients, distributors, and partners.

In 2022, COBOD fortified its alliances by inviting industry titans General Electric, Holcim, and Cemex into its shareholders’ circle alongside PERI.

Joint ventures were also forged with Egyptian construction powerhouse Orascom and Indonesia’s Bakrie Group.

COBOD further expanded its global footprint by launching regional competence centers and offices in Miami, USA, and Kuala Lumpur, Malaysia, effectively broadening its services to encompass the Americas, Asia, and Australia.

Future plans include the establishment of a new regional hub in Dubai to service the Middle East and Africa, while Europe will continue to be served from its Copenhagen base, it says.

‘Outperforming all others’

Commenting on the results, Henrik Lund-Nielsen, founder and general manager of COBOD, said: “Throughout 2022, COBOD solidified its lead in 3D construction printer sales, outperforming all other suppliers, just as in previous years.

“Since the advent of 3D construction printers, COBOD has sold more printers than all other suppliers – combined.”

COBOD’s 3D printers have been involved in the creation of 52 different buildings globally by the end of 2022, accounting for approximately 40% of the world’s 130 3D printed structures.

In 2022, COBOD’s 3D printers contributed to the construction of 31 out of the 55 new 3D printed buildings, nearly 60% of all new 3D printed buildings made that year.

Lund-Nielsen said: “With the recent unveiling of the nearly 1,000 m² luxury horse stable by Printed Farms, Florida, COBOD doesn’t just lead in the sales of printers and in the amount of 3D printed projects, but now also holds all relevant 3D construction printing records.

“Our printers have constructed the world’s largest 3D printed building, the fastest build (three buildings in eight days by GUtech, Oman), and the tallest structure (a three-story villa standing at 9.9 metres by Dar Al Arkan, Saudi Arabia).”

More on COBOD:

COBOD’s history

COBOD’s 3D printers made Europe’s first building in 2017.

Subsequently, its printers made the first two- and three-storey buildings in Europe (Belgium & Germany), North America (US & Canada), and India.

Also, the first 3D printed villa in Dubai and buildings in Africa have been done by COBOD 3D construction printers, just like the first wind turbine bases.

COBOD is privately owned by General Electric, CEMEX, Holcim, and PERI as key shareholders.

Its partners further include Dar Al Arkan (Saudi Arabia), L&T Construction (India), JGC (Japan), Siam Cement (Thailand) and Orascom (Egypt).

Image credit: COBOD

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