UK metal powder producer Metalysis says that it has raised £12 million before starting commercial, industrial-scale production of its products.

The money will be used to fund post-processing facilities, feedstock and provide working capital to support the rollout of Metalysis’ industrial scale expansion.

The company has opened an industrial scale production facility housed in its Materials Manufacturing Centre in South Yorkshire, UK. It can produce hundreds of tonnes of powder alloys for use in additive manufacturing, aerospace, automotive and other applications.

It has also opened a Materials Discovery Centre in the Advanced Manufacturing Park, nearby, which houses materials development and technology projects with Metalysis’ partners and clients. In its first year of operation, the facility has attracted five new commercial partners as well as in-house and confidential programs.

‘Naturally, we are pleased that Metalysis has attracted financial backing from both new and existing sophisticated institutional investors,’ said Dion Vaughan, CEO of Metalysis. ‘The expansion project carried out during the past year, combined with these proceeds, will support our multi-metal production and commercial rollout.’

This story uses material from Metalysiswith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.