Vital Thin Film Materials Co. Ltd

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Vital Thin Film Materials Co. Ltd - overview

Established

2017

Location

Guangzhou, Guangdong, China

Primary Industry

Materials

About

Established in 2017 and based in Guangzhou, China, Vital Thin Film Materials Co. Ltd is an advanced materials company that focuses on the research and development of thin film materials. It has 4 R&D and manufacturing bases in Qingyuan, Hefei, South Korea, and Singapore. Vital Group acquires 100% of the Umicore-Vital joint venture, creating Vital Thin Film Materials.


It has offices in the United States, Belgium, Hong Kong, Taiwan, etc. As of 2022, it has nearly 1000 employees. In July 2025, Xinhu Zhongbao agreed to acquire Vital Thin Film Materials Co. Ltd.


financial terms were not disclosed. The company's main business is research and development, production and sales of sputtering targets and evaporation materials for vacuum coating. It controls raw virgin materials through the recycling of spent sputter targets, end-of-life products, and production waste. The self-developed products include ceramic targets, metal targets, precious metal targets, HP metal materials, oxides, selenides, sulfides, and fluoride.


The product is used in the field of display, photovoltaic, semiconductor, precision optics, data storage, and glass. Revenue is generated from production, sales and recycling of sputtering targets and evaporation materials for physical vapor deposition (PVD). Vital Thin Film Materials Co. Ltd will focus on improving target performance and developing new material compositions applied in future technologies.


Current Investors

China International Capital Corporation, Ming Yang Smart Energy Group, BYD Company Limited

Primary Industry

Materials

Sub Industries

Recycling, Logistics & Distribution, Steel & Metals, Advanced Materials

Website

www.vitaltfm.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

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Vital Thin Film Materials Co. Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onAnnouncedVital Thin Film Materials Co. Ltd-

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