Cobod, a global 3D construction printing technology provider, has announced its financial achievements and expanded international presence despite the economic challenges worldwide.
Cobod publicly released its Annual Report for 2022, showcasing its financial performance and strategic growth amidst global economic uncertainties. Despite the global upheaval caused by the Ukrainian war and subsequent economic turbulence, Cobod experienced a substantial 40% growth, elevating its sales from €11 million to nearly €16 million.
In 2022, Cobod is said to have strengthened its partnerships by welcoming industry giants such as General Electric, Holcim, and Cemex into its circle of shareholders, alongside PERI. Additionally, the company formed joint ventures with Orascom, an Egyptian construction company, and the Bakrie Group from Indonesia.
Expanding its global footprint, Cobod established regional competence centres and offices in Miami, USA, and Kuala Lumpur, Malaysia, enabling services across the Americas, Asia, and Australia. The company also has plans to establish a new regional hub in Dubai to serve the Middle East and Africa. At the same time, Europe will continue to be served from its Copenhagen headquarters.
Henrik Lund-Nielsen, the Founder and General Manager of Cobod, said, “Throughout 2022, Cobod maintained its leadership position in 3D construction printer sales, surpassing all other suppliers as in previous years. Since the inception of 3D construction printers, Cobod has sold more printers than any other supplier combined.”
By the end of 2022, Cobod’s 3D printers had contributed to the construction of 52 different buildings globally, accounting for approximately 40% of the world’s 130 3D printed structures.
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