Chinese Metal Powder Maker VMP Hits $51M Revenue and Wants More

Most Chinese metal powder suppliers compete on price. Vilory Advanced Materials, or VMP, is trying to compete on certification, vertical integration, and global reach.

The company started in 2015 as a spin-off of Xuzhou Mining Group, a century-old coal and technology conglomerate based in Jiangsu. That origin gives it something few powder makers can claim: it builds its own atomization equipment. All 30 of its powder lines run on machines designed and manufactured in-house.

Today VMP reports roughly $51 million in 2025 revenue, 80 R&D staff, and 200 patents. It holds ISO 9001, AS9100D, ISO 13485, and CNAS laboratory accreditation. Its catalog covers tool steels, titanium, superalloys, copper, and cobalt-chromium powders.

The firm is targeting aerospace OEMs, medical implant makers, and consumer electronics brands. It says the fastest-growing slice of its business is consumer electronics using titanium. It also operates 20 laser powder bed fusion systems for in-house process validation and has qualified its materials on systems from European and American machine builders.

VMP closed a $46 million funding round in December 2025 at a post-money valuation around $310 million, the largest single materials-sector raise in China that year. The next phase of its factory roadmap aims for annual capacity exceeding 10,000 tonnes across titanium, copper, steel, and aluminum powders.

China's 15th Five-Year Plan prioritizes an independent, vertically integrated supply chain for advanced materials. VMP carries the Xiao Juren, or "Little Giant," designation, which brings subsidies and preferential financing. The company's leadership says the goal is straightforward: move from supplying China's domestic market to serving global aerospace and medical customers with the same lot-to-lot consistency that Western buyers expect.

Whether it can displace established powder producers will depend on certification timelines and customer trust. But the scale of investment, the in-house equipment capability, and the explicit state backing suggest VMP is not a niche player. The global metal powder market is about to get a more capable Chinese competitor.