3D printing and the stock market - 3D Printing: The Basics and Beyond - page 80

Avic Heavy Machinery Co., Ltd. (600765) : This company is a listed arm of Aviation Cor-
poration of China, a state-owned aerospace and defense giant. Avic Heavy Machinery's
subsidiary Avic Ground Laser Technology Co., Ltd. produces titanium alloy laser parts,
using 3D printing, for China's fighter jets like J20 and J31. The above mentioned Wang
Huaming is also involved in Avic Ground Laser: his research team owns a 30% part while

[xxxix]

Avic Heavy Machinery owns 51 % .

Yinbang Clad Material Co., Ltd (300337) : Yinbang Clad's subsidiary FalconTech Co.,
Ltd was founded in 2012. FalconTech is involved in material development of 3D printing
titanium powders used in China's aviation projects like the COMAC. FalconTech is also
linked to the “Australia-China Research Centre for Light Metals” which focus on research
on titanium alloys for aerospace applications.