# Grirem Advanced Materials Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grirem-advanced-materials-co

- Industry: Materials
- Headquarters: Beijing, China
- Website: www.grirem.com
- Latest round: Seed (Dec 1, 2001)
- Investors on record: 4

## About

Based in Beijing, China, and founded in 2001 by Beijing Venture Capital, Shanghai Keweisi Investment, General Research Institute for Nonferrous Metals, China Energy Conservation & Environmental Protection Group, and other unspecified investors, Grirem Advanced Materials Co Ltd is a manufacturer of electrometallurgical products and specializes in the production of rare earth materials and oxides. The company, also known as Youyan Rare Earth New Materials Co.Ltd, is a reform of the operating assets of the National Engineering Research Centre for Rare Earth Materials sponsored by the Institute Technology Group Co., Ltd. In June 2013, Grinm Advanced Materials Co., Ltd acquired Grirem Advanced Materials for CNY 910 million. The company staffs over 1100 employees and has over 400 advanced rare earth technological achievements and 400 domestic and foreign patents. 

The company is engaged in the manufacturing and research and development of rare-earth compounds, metals, and alloys along with other non-ferrous metals, metal oxide, and metal halide. The company also conducts research and development in areas such as rare-earth smelting technology using non-saponified extraction of rare-earth, luminescent materials for lighting and display, anhydrous rare earth halide and optical functional crystal materials, catalysts for purifying automobile exhaust, and magnetostrictive materials. Additionally, the company conducts application research of rare-earth elements in agriculture 

In the future, the company will continue to promote technological progress and common development of the rare earth industry. The company aims to serve the rare earth enterprises with advanced resources which are efficient and clean.

## Funding rounds

- Seed, Dec 1, 2001 — Beijing Venture Capital, General Research Institute for Nonferrous Metals, China Energy Conservation & Environmental Protection Group, Shanghai Keweisi Investment

## Investors

- Beijing Venture Capital (https://capitalatlas.ai/funds/beijing-venture-capital) — Seed
- General Research Institute for Nonferrous Metals — Seed
- China Energy Conservation & Environmental Protection Group — Seed
- Shanghai Keweisi Investment — Seed