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Jiangsu Kangrui New Material Technology

MaterialsJiangyin, Jiangsu, ChinaFounded 2001· One of 961 Materials companies tracked by AMPulse

Manufactures precision stainless steel and alloy steel powders and wires for metal additive manufacturing applications.

CEO / Founder
Zhu Wei
Team Size
501-1000
Stage
Public
Total Funding
Publicly Traded
Latest Round
IPO
Key Investors
Public Offering

Technology & Products

Key Products

Precision-grade powder for laser sintering and electron beam melting

Technological Advantage

In-house control of powder quality and composition

Differentiation

Value Proposition

High-quality stainless steel and alloy steel powders for metal AM applications

How They Differentiate

Vertically integrated powder production with aerospace-grade quality standards

Market & Competition

Target Customers

Aerospace, medical devices, industrial equipment manufacturers

Industry Verticals

Aerospace, Medical, Industrial Equipment

Competitors

Evonik (Germany), LPM (China), Hoganas (Sweden)

Growth & Milestones

Growth Metrics

Company has three production bases in Jiangyin, Nantong, and Shuyang, with total land area of 40,000 square meters and factory area of about 300,000 square meters, and annual metal material production capacity exceeding 20,000 tons.

Major Milestones

1998: Founded; Preparing for IPO on Shenzhen Stock Exchange Main Board

Notable Customers

Apple supply chain (X Company, >70% revenue), Foxconn (Hon Hai/Fu Shi Kang)

https://www.chinakangrui.com

Why this company matters

Jiangsu Kangrui New Material Technology Co., Ltd. is a Chinese manufacturer of precision stainless steel and alloy steel powders and wires for metal additive manufacturing. The company differentiates itself through vertical integration, controlling production from raw steel to finished powder, which allows it to maintain tight quality and composition standards for demanding applications.

Kangrui's core products are precision-grade powders designed for laser powder bed fusion (LPBF) and electron beam melting (EBM). The company reported over 180 authorized patents as of end of 2024, including 47 invention patents filed in 2023. Its three production bases in Jiangyin, Nantong, and Shuyang span roughly 300,000 square meters of factory space and support an annual metal material production capacity exceeding 20,000 tons.

The company targets aerospace primes, medical device OEMs, and industrial equipment manufacturers. Its customer base includes the Apple supply chain (via X Company, which accounts for over 70% of Kangrui's revenue) and Foxconn. A joint venture with Foxconn/Sharp, Jiangyin Kangrui Weizhida Technology, and a partnership with SANDY TECHNOLOGY for 3D printing equipment in consumer electronics further anchor its market position.

Kangrui competes with Evonik, Hoganas, and domestic rival LPM in the metal AM powder space. Its vertical integration and scale provide a cost and quality advantage, but reliance on a single customer for the majority of revenue introduces concentration risk. The company is preparing for an IPO on the Shenzhen Stock Exchange Main Board.