Jiangsu Wellari New Material Technology

About Jiangsu Wellari New Material Technology

Jiangsu Vilory Advanced Materials Technology Co., Ltd., also known as VMP, operates as a specialized developer and manufacturer of metal powder materials for the additive manufacturing sector. The company was established in 2015 as a strategic investment by the state-owned Xuzhou Mining Group to focus on the research, development, and sale of materials for metal 3D printing.

The firm's core business is the production of a diverse portfolio of high-purity metal powders. These materials include titanium alloys, superalloys, aluminum alloys, die steel, and cobalt-chromium alloys, which are characterized by high sphericity, low oxygen content, and stable particle size distribution. These powders serve as essential raw materials for clients in high-specification industries such as aerospace, biomedical, automotive manufacturing, and mold production. Revenue is generated through the direct sale of these powders and by providing customized material development services to meet specific client requirements.

Beyond material production, the company also manufactures and sells the core atomization equipment used to create these fine metal powders, including Vacuum Induction-melting Gas Atomization (VIGA) and Electrode Induction-melting Gas Atomization (EIGA) systems. This vertical integration allows them to offer turnkey engineering services, from factory planning to full production operations. In March 2024, the company announced it had raised $50 million in two financing rounds to expand its production facilities, with funding led by the China State-owned Enterprise Mixed Ownership Reform Fund. This investment supports the construction of a new facility expected to significantly increase annual production capacity.