CNPC Powder receives millions in financing from Chinese industrial fund

July 9, 2021

CNPC Powder, headquartered in Vancouver, Canada, has announced the successful closure of A Round Investor Funding, reportedly securing tens of millions in financing from an emerging industry fund in China. The round of funding will be used to construct new production facilities, further improve the fully automatic (AMP) production lines and focus on additional R&D for new products and technologies.

CNPC Powder’s new funding is also intended to improve workflows and enhance real-time monitoring of equipment and enable also produce improved statistical analysis and implement more advanced QA, CRM, ERP industrial software systems. The company hopes that all of this will translate into an annual production capacity of 1,000 tons of metal powder for Additive Manufacturing.

Given the increasing market demand for lightweight applications, aluminium alloys have become the research hotspot for global metal AM manufacturers. Within this competitive market, CNPC Powder’s aluminium alloys are reported to feature highly spherical particles with few satellites, resulting in a highly fluid powder with low oxygen content.

As well as the aluminium market, the company is also actively developing and improving technologies for the production of copper, titanium, nickel, and cobalt alloys, as well as other conventional metal AM materials. This new round of funding will also be used to further accelerate the commercialisation of these materials for the AM market.

CNPC Powder states that promoting the industrialisation of high-quality, low-cost AM metal powders will continue to be its goal, as it continues to work with industry partners and begins cooperation with well-known global metal AM companies.

www.cnpcpowder.com

Powder Injection Moulding International magazine

In the latest issue of PIM International…

Download PDF

Extensive MIM, CIM industry and sinter-based AM industry news, plus the following exclusive deep-dive articles and reports:

  • Frank Petzoldt on the past, present and future of MIM
  • Saturation in metal Binder Jetting
  • Insights from the 2022 International Conference on Injection Molding of Metals, Ceramics and Carbides
  • Additive Manufacturing at CeramTec
  • The carbon footprint of injection moulding machines
  • Calculating the sintering shrinkage of MIM parts

The latest news from the MIM, CIM and sinter-based AM industries

Don't miss any new issue of PIM International, and stay up to date with the latest industry news. Sign up to our fortnightly newsletter.

Sign up

News from the industry…

    Discover our magazine archive…

    The free-to-access PIM International magazine archive offers unparalleled insight into the world of MIM, CIM and sinter-based AM from a commercial and technological perspective through:

    • Reports on visits to leading part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.

     

    Browse the archive

     

    Looking for suppliers of materials, production equipment and finished MIM, CIM or sinter-based AM parts?

    Discover suppliers of these and more in our advertisers’ index and buyer’s guide, available in the back of PIM International.

    • Metal powders
    • MIM, CIM & AM parts producers
    • Binders & feedstocks
    • Feedstock mixers
    • Furnaces & furnace supplies
    • Atmospheres & gas generation
    • HIP systems & services
    • Injection moulding machines
    • AM technology
    • Debinding systems
    Download PDF
    Share via
    Copy link
    Powered by Social Snap