VMP targets the global AM metal powder market: $51 million in revenue and capacity approaching 10,000 tons
Jiangsu Vilory Advanced Materials, known as VMP, wants to transform from a large Chinese producer of metal powders for additive manufacturing into an international supplier. The goal is to compete in the most difficult segments: aerospace, medical, consumer electronics, and special materials.
Global Sales Manager Zhang Lei stated 2025 revenues of $51 million. In December of the same year, the company raised approximately 310 million RMB ($46 million) in a Series C round.
The numbers and growth
VMP is not listed on the stock exchange, and its financial data cannot be verified through certified public financial statements like those of Carpenter Technology or Sandvik. However, there are independent confirmations that support the order of magnitude.
- Declared revenues for 2025: $51 million
- Series C round of December 2025: 310 million RMB (~$46 million USD)
- First half of 2025: approximately 200 million RMB (+80% year on year)
- Target production capacity: 10,000 tons
Formnext Asia reported in August 2025 revenues of approximately 200 million RMB in the first half alone, with growth of 80% year on year. Chinese industry sources placed 2024 revenue between 250 and more than 280 million RMB.
The differences between these figures prevent calculating a precise growth rate without complete financial statements. However, they confirm the company's rapid commercial expansion.
From origins to international strategy
VMP was founded in 2015 as a company owned by a public mining group. In ten years, it has evolved from a former ceramic plant to a specialized manufacturer recognized by the Chinese government.
The company was founded in Xuzhou, Jiangsu Province, as a subsidiary of Xuzhou Mining Group. It started with a small team in a former ceramic plant, gradually focusing on metallic materials for 3D printing.
In 2022, VMP entered the fourth national Chinese list of “specialized and sophisticated Little Giant” enterprises. The program identifies SMEs specialized in technological niches considered strategic by the government.
Production capacity and technologies
The company website in 2026 declares over 30 dedicated production lines, more than 200 patents, and participation in the definition of over 20 national standards.
VMP uses VIGA (Vacuum Induction Gas Atomization) and EIGA (Electrode Induction Melting Inert Gas Atomization) atomization technologies. These allow the production of metal powders with controlled characteristics for critical applications.
VIGA and EIGA are processes that transform molten metals into fine powders using inert gas jets. They control particle size, morphology, and purity, which are critical parameters for the quality of 3D printed parts.
The company declares over 30 lines dedicated to powder production and DDM recycling. Production capacity is oriented towards 10,000 tons.
Target markets and competitive positioning
The stated objective is no longer just to replace imported materials in the domestic Chinese market, but to reach international OEMs and Tier 1 suppliers.
VMP aims to compete with established suppliers such as Carpenter Technology and Sandvik in the most demanding segments. Target sectors include aerospace, where qualifications are long and stringent, and medical, where traceability is essential.
Consumer electronics represents another key market. The production of lightweight and complex metal components for consumer devices requires high volumes and competitive costs.
VMP has developed proprietary materials such as the T70X alloy for high-temperature applications. The Ti-6Al-4V alloy, standard in the industry, is already in the production portfolio.
Outlook
The $46 million raised in the Series C round indicates investor confidence in the internationalization strategy. However, the transition from local supplier to global competitor requires continuous investment in quality, certifications, and relationships with international customers.
Participation in the definition of over 20 national standards positions VMP as a recognized player in China. The challenge is to replicate this recognition in Western markets, where qualification requirements are more stringent and relationships with established suppliers are long-term.
article written with the help of artificial intelligence systems
Q&A
What are the revenues reported by VMP for 2025?
Global Sales Manager Zhang Lei stated revenues of 51 million dollars for 2025. In the first half of the same year, the company had already recorded approximately 200 million RMB.
How much did VMP raise in its Series C funding round?
In December 2025, VMP raised approximately 310 million RMB, equivalent to about 46 million dollars. This funding supports its expansion as an international supplier.
What is VMP's production capacity target?
The company has set a production capacity target of 10,000 tons of metal powders. This volume aims to meet demand in the aerospace, medical, and electronics sectors.
What atomization technologies does VMP use?
VMP employs VIGA (Vacuum Induction Gas Atomization) and EIGA (Electrode Induction Melting Inert Gas Atomization) technologies. These processes enable the production of powders with controlled characteristics for critical applications.
In which strategic sectors does VMP operate?
VMP competes in the aerospace, medical, consumer electronics, and specialty materials segments. The company has been recognized by the Chinese government as a 'Little Giant' enterprise specialized in these niches.
