Chinese Metal Powder Producer VMP Raises US$14.8M for Phase IV Expansion

Republished by Newlife - MIM. All rights belong to the original publisher; see Source below.

Chinese metal powder producer Jiangsu Vilory Advanced Materials (VMP) has closed a Series C+ equity round of USUSD 14.8 million (RMB 100 million), jointly invested by Jiangsu Guotou and Suneng Co. The money will go mainly toward building the company’s Phase IV industrial park and developing new materials and equipment. VMP is also preparing a Series D round targeting USUSD 44 million to USUSD 74 million (RMB 300 to 500 million) to reinforce its 10,000-ton-level production capacity and begin early work toward an initial public offering (IPO). Neither the Series D nor the IPO has been completed.

Phase IV is planned to add 10,000 tons of annual titanium, copper, and aluminum powder capacity, plus high-strength steel. For additive manufacturing (AM) users, the open question is how much of that volume will be printing-grade powder, and whether the added scale will improve powder availability and cost for customers.

Founded in 2015, VMP develops and industrializes metal powders for AM along with powder production equipment. The company reports total funding of nearly USUSD 118.5 million (RMB 800 million) across its rounds. Its Series C, closed in December 2025, raised close to USUSD 45.9 million (RMB 310 million) at a post-money valuation of USUSD 312.6 million (RMB 2.11 billion).

Phase III Lines Now Running

VMP’s Phase III plant has entered operation. It houses more than 10 electrode induction melting gas atomization (EIGA) lines, with a centralized control system and a manufacturing execution system (MES) handling automation and process traceability. The company has also expanded its CNAS testing center to address material requirements in consumer electronics and semiconductors.

Phase III also adds titanium recycling, feedstock preparation for metal injection molding (MIM), and centrifugal atomization lines. VMP lists titanium alloys, high-temperature alloys, and specialty aluminum alloys as its core products, supplied to aerospace, commercial space, new energy, consumer electronics, AI hardware cooling, embodied robotics, and medical implant customers.

Phase IV Capacity Targets

VMP is building Phase IV to lights-out factory standards. The project targets annual capacity of 3,000 tons of titanium, 5,000 tons of copper, and 2,000 tons of aluminum powders, along with high-strength steel and other materials. Development at the site will center on aluminum- and copper-based powders, and the company plans to apply AI in materials research and production while expanding its service network in China and abroad.

These are planned figures, not current output or sales. The announcement does not specify how much of the new capacity is intended for AM grades as opposed to MIM or other processes, or when Phase IV will be completed.

Use of Series D Funds

VMP has outlined three uses for the planned Series D. The first is expanding automated production lines for alloy powders, focusing on niche specialty alloys where the company sees a capacity gap. The second is research into metal powders for AI hardware cooling, consumer electronics, semiconductors, and aerospace, aimed at localizing production of key materials. The third is building out domestic and overseas sales channels while preparing the company’s finances and governance for a listing.

VMP presents the Series C, C+, and planned Series D rounds as a sign of investor interest in producing metal powders domestically in China. The company says it will continue to pursue both technology development and capacity expansion.

Financing Metal Powder Capacity Ahead of Demand

VMP is paying for its capacity build through successive equity rounds, with a public listing planned as the following step. The tonnage those rounds back spans several powder families within one industrial park, serving AM, MIM, and other uses.

6K Additive has already completed the listing step VMP is preparing for. The Pennsylvania-based powder producer raised AUSD 48 million in an IPO on the Australian Securities Exchange (ASX) to expand production of metal powders and alloy additions. Combined with a USUSD 23.4 million Defense Production Act Title III grant and a USUSD 27.4 million loan from the Export-Import Bank of the United States (EXIM), the expansion is expected to raise its powder output from about 200 to more than 1,000 metric tons per year. Like VMP, 6K Additive is using equity to fund powder volume it expects customers to need once construction is complete, though at a smaller planned scale.

In both cases, the financing arrives before the added capacity enters service. For VMP, the size of the Phase IV targets makes the AM share of that volume, and how fast customers absorb it, the figures to watch.

Source

- 3D Printing Industry (2026-10-16) - Original article: Chinese Metal Powder Producer VMP Raises USUSD 14.8M for Phase IV Expansion - https://3dprintingindustry.com/news/chinese-metal-powder-producer-vmp-raises-us14-8m-for-phase-iv-expansion-255700/