3D Systems Corporation, based in Rock Hill, South Carolina, has announced a significant corporate reorganization aimed at enhancing profitability and aligning operations with current market conditions. The reorganization includes modernization of back-office activities, workforce realignment, and significant cost-reduction initiatives. With the recent sale of its Geomagic assets, the company has strengthened its balance sheet, adding over $100 million in net proceeds. This strategy is part of a broader effort to maintain leadership in both metals and polymers technology, ensuring quality control in design, production, and sourcing operations. As 3D Systems continues to navigate challenging market conditions, including geopolitical and macroeconomic uncertainties, it remains focused on expanding its new production applications in 3D printing, particularly in high-quality metal applications.
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