Vilory Completes Nearly 100 Million Yuan A Round of Financing and Accelerates the Construction of Phase II Project
Recently, Vilory completed A round of financing with nearly 100 million yuan. This round of financing will help the construction of smart factory in Phase II project and the expansion of industrial chain.
Vilory's Phase II project is located in Xu Zhou Economic Development Zone with an area of 50 mu. It plans to build 40 production lines with an annual production capacity of 1,500 tons. After completion, the project will better meet the demand for high-end metal powder materials in aerospace, biomedical and other fields. It is of great significance for the company to focus on extending, supplementing and strengthening the chain, forging industrial competitive advantages and consolidating the leading position in the industry.
So far this year, Vilory's national honorary qualifications have made new breakthroughs again. It has been shortlisted in the "Science and Technology Innovation Enterprises" list of the State-owned Assets Supervision and Administration Commission of the State Council again and selected in the "First Batch of High-quality Suppliers of Additive Manufacturing" list of the Ministry of Industry and Information Technology. It has obtained the certification of CNAS National Laboratory. VMP-CoCr01 (cobalt-chromium alloy) and VMP-Ti01 (titanium alloy) powders have obtained the medical device product registration certificate of the State Food and Drug Administration. It has integrated into the national technology innovation center system of the Yangtze River Delta region and actively responded to the "Belt and Road" initiative. Powder equipment has achieved the first export.
In the past five years, Vilory's business performance has maintained rapid growth. In the first half of this year, its operating income increased by nearly 100% year-on-year. It has obvious advantages in the subdivision fields of high temperature alloy powder and titanium alloy powder, ranking among the leading in the industry.