Avimetal raises Series C funding to expand aerospace alloy powder production
Avimetal, a subsidiary of Jingcheng Electromechanical, Beijing, China, has announced that it has completed Series C funding. The investment is said to significantly strengthen the company’s financial foundation, enabling it to expand production capacity for aerospace aluminium and titanium lightweight alloy powders.
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The company plans to leverage its advanced atomisation technology to build a new manufacturing facility for the production of aluminium and titanium powders. The expansion will add 2,000 tons of annual capacity for Additive Manufacturing grade metal powders.
In addition to metal powders for AM, Avimetal produces powder grades for Metal Injection Moulding (MIM), Hot Isostatic Pressing (HIP), spray coating and laser cladding. The company also manufactures a range of Additive Manufacturing machines and equipment.
