[Image from Protolabs]
The new facility is a 215,000 sq. ft CNC machining facility that houses nearly 300 mills and lathes. It is the eighth Protolabs manufacturing facility in the U.S. and 12th around the world.
“We are truly living in an on-demand consumer economy and that’s no different for manufacturing. Our customers are hungry for manufacturing partners that can see their products through ever-shrinking life cycles and Protolabs is uniquely positioned to serve our customers’ needs from early prototyping to on-demand production,” president and CEO Vicki Holt said.
Protolabs is now positioned to serve more than 45,000 product developers per year across three continents and 60 countries, according to the company. With more than one million sq. ft of manufacturing space and over 1,000 machines, Protolabs produces nearly 4 million parts per month.
“Protolabs has exceeded my wildest dreams,” Larry Lukis, Protolabs founder, said. “The company was born out of personal frustration that manufacturing parts took months when it could take days or even minutes. There needed to be a way to make it easier and faster for product developers to get prototype parts and accelerate development cycles. Protolabs has achieved that goal and made advanced manufacturing technologies accessible for everyone, from makers to startups to Fortune 500 companies.”
The company has grown revenue by about 29% to $446 million in 2018 alone and profits grew 48% to nearly $77 million.
