CNPC Powder raises $13.6M for expansion of metal powder production
October 31, 2023
CNPC Powder, with its head office in Vancouver, Canada, reports that has successfully raised nearly $13.6 million in Series A funding. The company plans to expand its atomisation capacity by adding over forty production lines. Its product portfolio includes titanium alloys, aluminium alloys, iron alloys, copper alloys, nickel alloys, and a wide array of high-temperature and custom alloys. Currently, the annual output from its China-based production facility surpasses 3,500 tons.
CNPC Powder’s Series A funding round was led by Shunwei Capital and included participation from Dunhong Asset. Jupiter Capital provided long-term exclusive financial advisory and strategic support. As well as expanding production lines, the raised funds will be vital for advancing technical research and development and recruiting top talent, among other key initiatives.
Since the inception of its AM Campus in 2017, CNPC Powder has been committed to the research and production of metal powder materials for advanced manufacturing. Its products, which the company states are supplied to over forty countries, primarily serve the metal Additive Manufacturing industry, but are also used in Powder Metallurgy, Metal Injection Moulding, electronic materials, and various other fields.
The company is certified to ISO9001, ISO41001, ISO45001, ISO13485, and IATF16949 standards, and states that these certifications demonstrate its technological expertise, which is shown through its proprietary process systems, capabilities in alloy research and development, production capacity, and control of powder size and sphericity.
CNPC Powder reports that its materials are used by global leaders in various sectors including consumer electronics, advanced manufacturing equipment manufacturers, aerospace/defence clients, and significant enterprises in the industrial manufacturing domain.
