VMP Aims to Lead in Additive Manufacturing with $51M Revenue and Global Expansion

Jiangsu Vilory Advanced Materials, commonly known as VMP, is establishing itself to transition from a significant Chinese manufacturer of metal powders for additive manufacturing to a global supplier, targeting highly competitive sectors such as aerospace, medical, consumer electronics, and special materials.

Global Sales Manager Zhang Lei reported that the company anticipates revenues of $51 million by 2025, the same year it secured approximately 310 million RMB ($46 million) in a Series C funding round.

Unlike publicly traded entities such as Carpenter Technology or Sandvik, VMP is not listed on the stock exchange and therefore lacks publicly verified financial statements. Nevertheless, independent sources confirm the reported financial scale.

Formnext Asia's Rapid Growth and Industry Impact by 2025

In August 2025, Formnext Asia announced revenues nearing 200 million RMB for the first half of the year alone, marking an 80% increase compared to the previous year. Despite a disparity in revenue figures for 2024, which industry sources in China estimate to range from 250 million to over 280 million RMB, this inconsistency hampers precise growth calculations without full financial disclosures but clearly illustrates the company's swift commercial progression.

 

Originally established in 2015 as a subsidiary of the Xuzhou Mining Group in Xuzhou, Jiangsu Province, VMP transformed from a modest operation in a former ceramic plant into a leading specialized manufacturer, recognized by the Chinese government for its advancements. By 2022, VMP was honored as one of the fourth national Chinese list of "specialized and sophisticated Little Giant" enterprises, a designation for SMEs that play a strategic role in technological niches.

By 2026, VMP boasted more than 30 dedicated production lines, over 200 patents, and had a significant role in setting more than 20 national standards, as per the company’s website. The firm employs cutting-edge VIGA (Vacuum Induction Gas Atomization) and EIGA (Electrode Induction Melting Inert Gas Atomization) technologies to produce metal powders with specialized characteristics essential for critical applications, underscoring its pivotal role in the 3D printing materials sector.

VIGA (Vacuum Induction Gas Atomization) and EIGA (Electrode Induction Melting Inert Gas Atomization) technologies are utilized by VMP to convert molten metals into fine powders, a process pivotal for controlling particle size, morphology, and purity. These qualities are essential for ensuring the caliber of 3D printed components.

The company has established over 30 lines focused on powder production and Direct Digital Manufacturing (DDM) recycling, with a production capacity aimed at 10,000 tons, signifying a shift from merely substituting imported materials in the Chinese market to targeting international Original Equipment Manufacturers (OEMs) and Tier 1 suppliers.

VMP is positioning itself to challenge industry leaders like Carpenter Technology and Sandvik in high-demand sectors by leveraging its proprietary materials, including the high-temperature T70X alloy and the industry-standard Ti-6Al-4V alloy. The company's strategic sectors include aerospace, which demands extensive and rigorous qualifications, and the medical field, where traceability is paramount. Another significant market for VMP is consumer electronics, where the production of lightweight, complex metal components necessitates high volumes and competitive costs.

VMP Secures Funding to Fuel Global Expansion

The recent $46 million funding from a Series C round underscores investor confidence in VMP's strategy to scale globally. However, evolving from a local to a global supplier entails ongoing investments in quality, certifications, and cultivating relationships with international clients. VMP's role in defining over 20 national standards has cemented its reputation within China, yet replicating this success in Western markets poses a challenge due to the more stringent qualification requirements and established long-term supplier relationships.

Global Sales Manager Zhang Lei projects revenues of $51 million by 2025, with the company already having generated approximately 200 million RMB in the first half of that year. In December 2025, a further 310 million RMB was raised, equivalent to around $46 million, supporting VMP's expansion ambitions as an international supplier. The company's inclusion as a 'Little Giant' enterprise by the Chinese government highlights its specialization in niche markets like aerospace, medical, consumer electronics, and specialty materials, affirming its competitive stance in these demanding segments.

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.