Mission Statement, Vision, & Core Values (2024) of voxeljet AG (VJET)

An Overview of voxeljet AG (VJET)

General Overview of voxeljet AG

Founded in 1999, voxeljet AG specializes in providing 3D printing solutions and services, particularly in the industrial sector. The company is headquartered in Friedberg, Germany, and has established a significant presence in the additive manufacturing market. voxeljet AG offers a range of products, including 3D printing systems and on-demand parts services. Its notable technologies include the VJET (Voxeljet Jetting Technology) series, which gained traction in sectors such as automotive, aerospace, and art.

As of 2024, voxeljet AG reported annual revenues of approximately €15 million, demonstrating a strong recovery and growth in sales as the demand for 3D printing escalated, particularly in industrial applications.

Financial Performance in the Latest Financial Reports

The financial results for the fiscal year 2023 indicate substantial growth for voxeljet AG. The company reported a record-breaking revenue change of 30% compared to the previous year, driven primarily by the increased sales of its VJET systems and a rise in on-demand parts services.

In addition to revenue growth, voxeljet AG's market expansion efforts have resulted in a significant increase in international sales, particularly in North America and Asia, accounting for roughly 65% of total sales in 2023.

Introduction to Leadership in the Industry

As a notable player in the 3D printing sector, voxeljet AG is recognized for its innovative solutions and contributions to manufacturing efficiency. Its emphasis on high-speed production and precision has set it apart from competitors, positioning it as a leader in the field of industrial 3D printing.

To understand why voxeljet AG stands out in a competitive market, further exploration into its technological advancements and customer-centric services is encouraged.

Mission Statement of voxeljet AG (VJET)

Mission Statement Overview

The mission statement of voxeljet AG (VJET) is a fundamental element that defines the company's identity and direction. It articulates the firm's commitment to delivering innovative 3D printing solutions and advanced digital manufacturing technologies. This mission guides its operational strategies, product development, and customer engagement.

Core Component 1: Innovation

Innovation is a vital aspect of voxeljet's mission statement. The company emphasizes its dedication to research and development, enabling it to lead the industry in 3D printing technology. In 2022, voxeljet invested approximately €7.5 million in R&D, which accounted for about 18% of its total revenue.

Furthermore, voxeljet's commitment is demonstrated by its patent portfolio. As of 2023, the company holds over 200 active patents, underpinning its innovative processes and technologies.

Core Component 2: Quality

The quality of products and services is another core component of the company's mission. voxeljet AG has achieved ISO 9001 certification, an international standard for quality management systems, which it obtained in 2021. This certification reflects the company's commitment to maintaining high quality in its operations and products.

Moreover, customer satisfaction metrics indicate strong performance; a recent survey revealed that 87% of clients rated voxeljet's service quality as excellent. The company also reported a net promoter score (NPS) of 65 in 2023, significantly above the industry average of 30.

Core Component 3: Sustainability

Sustainability is increasingly important in today's manufacturing landscape. voxeljet AG aims to minimize its environmental impact through efficient use of resources and eco-friendly practices. In 2023, the company reduced its energy consumption per unit produced by 15% compared to the previous year.

Additionally, voxeljet has a goal to achieve carbon neutrality by 2025. To date, it has already cut its carbon emissions by 30% since 2020 through various initiatives, including the transition to renewable energy sources in its operations.

Vision Statement of voxeljet AG (VJET)

Vision Statement of voxeljet AG

The vision of voxeljet AG is centered around innovation in additive manufacturing technologies, aiming to revolutionize the 3D printing industry. As of 2024, voxeljet focuses on providing innovative solutions that streamline production processes and enhance manufacturing flexibility.

Commitment to Innovation

Voxeljet AG emphasizes continuous innovation in its business operations. In 2023, the company invested approximately €3.5 million in research and development, reflecting a commitment to pioneering advancements in 3D printing technologies.

Global Market Leadership

Voxeljet envisions becoming a leader in the global 3D printing market, projected to grow to €36.62 billion by 2026. The company’s strategic initiatives include expanding its market presence in the United States and Asia, targeting a 15% market share by 2025.

Sustainability Goals

As part of its vision, voxeljet AG aims for sustainability in its operations and products. The company targets a 30% reduction in carbon emissions by 2025 and aims to utilize renewable materials in 50% of its products by 2026.

Enhancing Customer Experience

Voxeljet AG is committed to enhancing customer experience by providing customized solutions and improved service support. In 2023, customer satisfaction rates stood at 85%, with a goal to reach 90% by 2025 through enhanced service offerings.

Core Values of voxeljet AG (VJET)

Core Value 1: Innovation

Innovation stands at the forefront of voxeljet AG's mission. The company continuously strives to pioneer advancements in 3D printing technology and additive manufacturing solutions. In 2023, voxeljet invested approximately €5 million in research and development, focusing on enhancing its binder jetting technology.

Examples of this commitment include:

• The launch of the VX2000 3D printer, capable of producing large-scale parts, demonstrated through a case where a customer aimed to reduce production time by 40%.
• Partnerships with leading universities to foster innovation, resulting in five joint research projects focused on material science.
• Implementation of a dedicated innovation lab, which has produced over 20 new materials suitable for various industrial applications.

Core Value 2: Sustainability

Sustainability is integral to voxeljet's operations, with a clear goal of reducing environmental impact. The company is committed to minimizing waste and maximizing resource efficiency.

In 2023, voxeljet reported a 15% reduction in material waste during the production process.

Significant initiatives include:

• Development of eco-friendly materials that include recycled components, achieving a utilization of 30% recycled materials in product lines.
• Efforts to reduce energy consumption by 10% across all manufacturing plants, leading to a decrease in carbon emissions by an estimated 500 tons annually.
• Collaboration with environmental organizations to promote sustainability in the 3D printing industry.

Core Value 3: Customer Focus

Customer focus remains a pivotal value for voxeljet AG, prioritizing client satisfaction and tailored solutions.

The company's customer service strategies showed a 20% increase in customer satisfaction ratings in the 2023 annual survey.

Actions reflecting this commitment include:

• Establishment of a dedicated customer success team, providing personalized support and consultation to over 1,000 clients worldwide.
• Launch of a customer feedback program which led to the implementation of nine major enhancements to product offerings based on client input.
• Hosting quarterly webinars to educate customers on best practices, with attendance figures reaching over 3,000 participants in 2023.

Core Value 4: Integrity

Integrity serves as the bedrock of voxeljet's business operations. The company ensures transparency and ethical practices in all its dealings.

In 2023, voxeljet maintained a compliance rate of 100% with international regulatory standards.

Key initiatives include:

• Implementation of a rigorous ethics training program completed by 95% of employees.
• Annual audits and reviews with independent third-party firms, leading to improved stakeholder trust.
• Active engagement in community outreach programs, with over €500,000 donated to local educational initiatives.

Core Value 5: Collaboration

Collaboration is vital for innovation and growth at voxeljet AG. The company believes in harnessing collective expertise to drive success.

In 2023, voxeljet partnered with 15 new firms to enhance its supply chain and production capabilities, exemplifying this value.

Collaborative actions include:

• Formation of strategic alliances leading to the development of four new joint products.
• Hosting annual industry summits, with over 500 stakeholders attending in 2023 to foster networking and cooperation.
• Engagement in industry associations, contributing to five major white papers on advancing 3D printing technologies.