EqualOcean has been informed that Demark(Chinese: 德玛克精工), a high-end industrial component supplier, has announced the completion of CNY 100 million Series A financing.
Founded in 2016 and headquartered in Zhejiang, Demark is mainly engaged in high-precision machining, covering industries such as semiconductor, photovoltaic, wind power and heavy industry; specific products include one-stop technical services such as welding, precision machining and surface coating for high-precision parts, medium and large parts and functional structural components.
According to statistics, the global precision machining market size compound annual growth rate of 0.2%; the global precision machining market size reached 216 billion U.S. dollars, an increase of 1.9%. In recent years, China's CNC machine tool industry continues to expand. In 2022 China's CNC machine tool industry scale is about 382.5 billion yuan, is expected in 2023 China's CNC machine tool industry scale will reach 409 billion yuan, a year-on-year growth of 6.9%.
Demark team has more than ten years of experience in the manufacturing industry and now has mastered the whole chain production capacity of precision parts, as well as key technologies in welding, stress deformation control, high precision manufacturing and surface treatment of large structural parts. In addition, Demark also has about 50,000 square meters of high-standard constant temperature equipment and nearly 100 sets of high-precision processing equipment at home and abroad.
Designing and manufacturing high-precision parts is not an easy task, and there are not many domestic suppliers who can really meet the requirements of equipment manufacturers' parameters, and Demark is one of them. In terms of product recognition, Demark has achieved cooperation with many domestic and foreign manufacturers, such as Shanghai Electric (Chinese: 上海电气), CRRC Zhuzhou Institute (Chinese: 中车株洲), NIDEC Corporation (Chinese: 日本电产), Mitsubishi (Chinese: 三菱), and so on.
Under the influence of intensified external competition, increased domestic demand and national policy support, China's manufacturing industry will turn to high-quality development in the future, and the high-end manufacturing industry will enter a period of rapid development. In this industry, the technological breakthrough and independent supply of precision components are the core cornerstone of the development of high-end equipment manufacturing. Therefore, in order to gain a competitive advantage in this field, it is extremely important to master the key technology and production capacity of the entire precision component chain.
Demark's financing round was led by Ju Shi Chuang Tou (Chinese: 巨石創投), a subsidiary of Nanjing Securities, followed by ADDOR Capital (Chinese: 毅达资本), Lingtou Capital (Chinese: 领投资本) and Hezhong Capital (Chinese: 和仲资本). This round of financing will mainly be used for R&D investment, production line expansion and team expansion.