GRINM Group
A state-owned R&D enterprise under SASAC focused on nonferrous metals, with a dedicated subsidiary (GRINM Additive Manufacturing Technology) producing metal powders for 3D printing and additive manufacturing.
- CEO / Founder
- Zhao Xiaochen (赵晓晨)
- Team Size
- 1001-5000
- Stage
- Established
- Total Funding
- $318.6M
- Latest Round
- IPO
- Key Investors
- SASAC (State-owned Assets Supervision and Administration Commission); China Iron & Steel Research Institute Group (Gangyan Investment); public shareholders of GRIPM (688456.SH)
Technology & Products
Key Products
Aluminum alloy powders (high-flowability); copper & copper alloy powders (low-oxygen Cu, CuCrZr, CuNi30, CuNiSiCr, CuCr1); high-temperature superalloy powders; titanium alloy powders; stainless steel powders; mold steel powders; cobalt-chromium alloy powders; soft magnetic alloy powders; brazing alloy powders; MIM powders
Technological Advantage
Decades of nonferrous metals R&D heritage (since 1952); 5,000-tonne annual spherical metal powder production capacity; 50+ atomization units (vacuum inert gas atomization, high-pressure gas-water atomization, high-speed atomization, EIGA); 5 dedicated AM aluminum powder production lines; National Science & Technology Progress Second Prize (2017) for spherical metal powder atomization technology; 2,300+ authorized patents; 600+ industry standards formulated.
Differentiation
Value Proposition
Vertically integrated from nonferrous metals R&D to production of high-quality spherical metal powders for additive manufacturing, leveraging 70+ years of materials science expertise and state-backed infrastructure.
How They Differentiate
State-owned enterprise backing with 70+ years of nonferrous metals R&D heritage; largest production scale among Chinese AM powder producers (5,000 tpa); broadest alloy portfolio spanning Al, Cu, Ti, Ni superalloys, steels, CoCr; vertically integrated from raw materials to finished powders; listed parent company (GRIPM) provides financial transparency and capital access.
Market & Competition
Target Customers
Aerospace, defense, automotive, medical device, and industrial manufacturers using metal additive manufacturing; powder bed fusion service bureaus; MIM and powder metallurgy companies.
Industry Verticals
Aerospace; Defense; Automotive; Medical; Electronics; Energy; Nuclear; Marine/Shipbuilding
Competitors
AVIMETAL AM (中航迈特); Xi'an Sailong (西安赛隆); VILORY (威拉里); Zhongyuan Advanced Materials (众远新材料)
Growth & Milestones
Growth Metrics
GRIPM (parent of AM subsidiary) 2024 revenue: ¥3.226B ($446M), +20.33% YoY; total assets of GRINM Group exceed ¥11B ($1.5B); 4,100+ employees group-wide including 4 academicians
Major Milestones
1952: Founded as China General Research Institute for Nonferrous Metals; 1999: Transformed into a technology enterprise under central government; 2017: Restructured as GRINM Group (有研科技集团); 2021: GRIPM (subsidiary) listed on Shanghai STAR Market (688456.SH); 2021: GRINM Additive Manufacturing Technology Co., Ltd. (有研增材) established; 2025: Announced ¥200M investment for new 4,580-tonne AM powder production base in Shandong
Notable Customers
Aerospace and defense contractors in China (aviation, aerospace, commercial space); automotive OEMs; medical device manufacturers; industrial AM service bureaus
Funding rounds
- Venture Round¥200M (CNY) total; GRIPM ¥160M, Gangyan ¥40M2025-07Lead: GRIPM Advanced Materials · Source: Capital increase (增资)
- IPO¥318.6M (CNY)2021-03Lead: Changjiang Securities · Source: Shanghai STAR Market (科创板)