Accelerating its growth in the production of metal powder and alloy additions, 6K Additive announced the Export-Import Bank of the United States (EXIM) has approved a $27.41 million financing package for 6K Additive. This strategic funding bolsters domestic production of metal powder for additive manufacturing (AM) and traditional powder metallurgical processes used in component production for defense, hypersonic, nuclear, and other critical applications used by the Department of War (DoW) and its supply chain partners, along with commercial organizations. It is intended that the planned expansion will scale 6K Additive's powder capacity in Burgettstown, PA, from 200 metric tons to over 1,000 metric tons per year. The EXIM loan complements 6K Additive's $23.4 million Defense Production Act grant award in supporting the Pennsylvania plant expansion.
"We are experiencing growth in demand for our refractory, titanium and nickel powders for AM, and the EXIM financing supports scaling to meet this growth by expanding our state-of-the-art powder and alloy footprints. We also intend to expand our product offerings with ingot production for forging and castings," said Frank Roberts, CEO, 6K Additive. "Key to our success is our talented employee team. The EXIM loan supports hiring the very best engineers, operators, and support staff to significantly grow the organization to meet anticipated market demand over the next three to five years."
"This expansion is proof that American manufacturing is innovating and growing," said EXIM Chairman John Jovanovic. "My first board action is about rebuilding America's industrial base, securing critical supply chains, and making sure America leads in the industries of the future."
"This U.S. Export-Import Bank loan will scale domestic production capacity for advanced metals needed for defense applications and strategic economic sectors," said the Hon. Michael Cadenazzi, the Assistant Secretary of War for Industrial Base Policy. "This loan also builds upon the DoW's 2023 Defense Production Act Title III investment in 6K Additive and exemplifies the whole-of-government approach to building and scaling critical mineral capabilities."
The Make More in America Initiative (MMIA) is a comprehensive federal program launched by the Export-Import Bank of the United States in April 2021 with an initial $3 billion allocation. Designed as a cornerstone of America's industrial strategy, the MMIA works to strengthen domestic manufacturing capacity, secure critical supply chains, and enhance U.S. competitiveness in strategic sectors. EXIM evaluates MMIA applications based on their potential to strengthen supply chain resilience, create sustainable jobs, and align with broader national security priorities.
For more information contact:
6K Additive
541 Steubenville Pike
Burgettstown, PA 15021
724-215-7049
www.6kadditive.com