Impro

What Impro does

Impro Precision Industries Limited (HKEX: 1286) is a Hong Kong-headquartered, publicly listed manufacturer of high-precision, high-complexity, and mission-critical metal components serving global industrial OEMs. Founded in 1998 and listed on the Hong Kong Stock Exchange Main Board since June 28, 2019, the company operates 21 manufacturing facilities across 7+ countries and 30+ sales countries, employing 7,000+ people. It is the world's seventh-largest independent investment casting manufacturer and largest in China, and the world's fourth-largest precision machining company in automotive, aerospace, and hydraulics end markets.

The company's core technology stack spans investment casting (wax pattern/ceramic shell), precision machining, sand casting, surface treatment (electroplating), heat treatment, permanent mold casting, shell mold casting, 3D printing for molds, and specialized sheet metal resistance seam welding and GTAW processes. Products include mission-critical engine, hydraulic, transmission, fuel system, and structural components for automotive and EV gigacasting; superalloy investment castings and APU components for aerospace; precision parts for medical devices; and high-horsepower engine and industrial components. Through the Impro Fluidtek subsidiary (acquired from Danfoss Jiangsu in November 2022), the company also produces patented hydraulic orbital motors (RE, RE 550, WP/WR, WS360 series), and the FSMD subsidiary adds aerospace-qualified sheet metal welding for Boeing 737 Max APU housings.

Impro operates a B2B enterprise sales-led go-to-market targeting Fortune 500 OEMs and their Tier 1 suppliers, with direct field sales supported by Sales Engineers who manage APQP-compliant quoting, pricing negotiation, and account renewal across multi-year program lifecycles. Pricing is quote-based per purchase orders with material-cost adjustment clauses, and revenue is generated primarily through one-time manufacturing and sale of custom components. End markets are diversified across automotive, high-horsepower engine, construction equipment, agricultural equipment, hydraulic equipment, aerospace, medical, and energy, with named customers including Honeywell, GE Aerospace, Caterpillar, Cummins, Bosch, Parker Hannifin, HUSCO, BorgWarner, and SANY, several with partnerships spanning 13–15 years. FY2025 revenue reached HK$5,095.5 million (approximately USD 652 million), up 8.7% YoY, with profit attributable of HK$726.2 million (up 12.7% YoY), and management has guided to mid-double-digit sales growth for FY2026.

Name

Impro

Legal name

Impro Precision Industries Limited

Website

https://improprecision.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Impro Precision Industries Limited (HK:1286) is a Hong Kong-listed precision components manufacturer producing investment castings, machined parts, and hydraulic orbital motors for global OEMs across automotive, aerospace, medical, energy, and industrial markets through 21 facilities in 7+ countries.

Ownership category

akta.pro rank

Product category

Precision Cast and Machined Metal Components

NAICS

Aerospace Product and Parts Manufacturing (33641), Aerospace Product and Parts Manufacturing (3364), Hardware Manufacturing (332510), Other General Purpose Machinery Manufacturing (3339)

SIC

Aircraft & Parts (3720), Aircraft Engines & Engine Parts (3724), Screw Machine Products (3451)

akta.pro primary industry

Aerospace Fasteners & Hardware (IMABANAA)

Keywords

• Investment casting
• Precision machining
• Aerospace components
• Automotive components
• Surface treatment

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Precision Component Manufacturing and Sales: Revenue generated from manufacturing and selling high-precision investment castings, sand castings, precision machined components, and surface-treated parts to industrial OEMs. Products are sold across diverse end markets including automotive, aerospace, medical, energy, construction equipment, agricultural equipment, hydraulic equipment, and high horsepower engines. The company provides custom components based on customer specifications with pricing typically quote-based.
2. Aerospace, Energy and Medical Sector Components: Specialized manufacturing revenue from aerospace, energy, and medical sector components. The company is evaluating a potential spin-off of this sector. High horsepower engine sales surged 43.3% and diversified industrials revenue rose 38.4% in 2025.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels11 records

Core offering

Impro Precision Industries Limited is a global manufacturer of high-precision, high-complexity, and mission-critical metal components for diverse industrial end markets. The company produces custom investment castings, sand castings, precision-machined parts, and surface-treated components to customer specifications, and through its Impro Fluidtek subsidiary manufactures hydraulic orbital motors (RE, RE 550, WP/WR, WS360 series) and accessories. It delivers vertically integrated one-stop manufacturing solutions—from tooling design through finishing—across aerospace, automotive, medical, energy, construction equipment, agricultural equipment, hydraulic equipment, and high-horsepower engine sectors.

Product overview

Impro Precision Industries Limited is a global top 10 manufacturer and the largest investment casting manufacturer in China, also the world's fourth-largest precision machining company in automotive, aerospace, and hydraulics end markets. The company offers a vertically integrated one-stop manufacturing solution platform comprising core manufacturing technologies (Investment Casting, Precision Machining, Sand Casting, Surface Treatment) and supporting processes (Heat Treatment, Laboratory Services, Permanent Mold Casting, Shell Mold Casting, 3D Printing Technology). The portfolio also includes One-Stop Solutions covering the entire casting component production chain from tooling design through finishing, and Impro Mexico Operations providing localized manufacturing for North American customers. Through its Impro Fluidtek subsidiary, the company manufactures hydraulic orbital motors (RE, RE 550, WP/WR, WS360 series) and related components (RE550 Relieve Valve, ABR Brake). Products serve diverse end markets including Automotive, High Horsepower Engine, Construction Equipment, Agricultural Equipment, Hydraulic Equipment, Aerospace, Medical, and Energy sectors, with global footprint across Asia, Europe, and the Americas.

Differentiator

Problem solved

Functional benefit

Brands

• Impro Fluidtek: Hydraulic orbital motors and fluid technology products including RE, RE 550, WP/WR, WS360 motors, and related components. Operates manufacturing facility in Zhenjiang, China.
• Impro Aerotek
• FSMD (Foshan Ameriforge Manufacturing Technology)

Products and services

• Investment Casting Manufacturing Contract manufacturing of high-precision, high-complexity metal components using the investment casting process, where a wax pattern surrounded by a ceramic shell forms a ceramic mold, and molten metal is poured to create precision castings. Includes superalloy investment casting capability with ALD three-chamber equipment for aerospace applications.
• Precision Machining Manufacturing Contract precision machining services that produce accurate components with high tolerances and excellent surface quality by removing materials from workpieces via turning, milling, drilling, gear cutting, honing, and grinding processes.
• Sand Casting Manufacturing Contract sand casting manufacturing service where molds are formed from three-dimensional patterns of sand and molten metal is poured into the mold cavity for solidification, suitable for diverse industrial component applications.
• Surface Treatment (Electroplating) Electroplating-based surface treatment service that alters component surfaces to enhance appearance or functional properties, offering broad coverage of coating metals and high cost-efficiency.
• One-Stop Solutions (Vertically Integrated Manufacturing) Comprehensive one-stop manufacturing service covering the entire casting component production process from tooling design and manufacturing, casting, secondary machining, heat treatment, surface treatment to finishing, providing ready-to-use products and services to industrial OEM customers.
• Impro Fluidtek Hydraulic Orbital Motors Hydraulic orbital motor product line including RE, RE 550, WP/WR, and WS360 motors, featuring patented manifolds, specially designed rotors, and proprietary balance plates that enable high motor efficiency and reliable power output for hydraulic equipment OEMs.
• RE550 Relieve Valve Hydraulic orbital motor accessory component launched in 2023, extending the Impro Fluidtek hydraulic motor portfolio with relief valve functionality for hydraulic equipment applications.
• ABR Brake Hydraulic orbital motor brake accessory launched in 2023 alongside the RE550 relieve valve, expanding Impro Fluidtek's hydraulic motor accessory offering for OEM and distributor customers.
• Impro Mexico Manufacturing Operations Localized precision component manufacturing operations in San Luis Potosí, Mexico, providing vertically integrated solutions—including precision machining, sand casting, investment casting, aerospace components, and surface treatment—to North American customers across automotive, construction, aerospace, and medical sectors.

Quantifiable outcome

• Zero PPM at Cummins customers and 2 PPM at Cummins plants
• +3 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Danfoss Jiangsu (Danfoss A/S)coreStrategic or Co-development Partner · 1 November 2022Impro Fluidtek Limited completed acquisition of the Hydraulic Orbital Motor business from Danfoss Jiangsu, a subsidiary of Danfoss A/S, on November 1, 2022. The acquisition included all tangible assets, business operations, employees, customer relationships, know-how, and patents. The Orbital Motor Business was the market leader of hydraulic orbital motors in China. The business now operates under Impro Fluidtek with expected synergies through combining Impro's global sales network and manufacturing bases with the acquired market leadership position.

Scale indicators18 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Precision Castparts Corp (PCC): Berkshire Hathaway-owned world leader in investment castings, forged components, and fasteners for aerospace, power, and industrial markets. Benchmark peer for superalloy investment casting scale and capability.
• Metaltek International: U.S. metal casting manufacturer providing investment, sand, and centrifugal castings for aerospace, defense, power, and industrial customers. Mid-sized peer with similar technology base and end-market mix.
• Bharat Forge: Indian-listed global leader in forged and precision machined components for automotive, industrial, aerospace, and energy end markets. Comparable scale, technology breadth, and end-market exposure.
• Howmet Aerospace: U.S.-listed global leader in engineered aerospace and industrial castings, including superalloy and titanium investment castings for jet engines and airframes. Closest pure-play comparable to Impro's aerospace casting business.
• Linamar Corporation: Canadian precision machining and light-metal casting company serving automotive, industrial, and aerospace end markets with engineered components. Closely comparable in product mix and customer type to Impro.
• Doncasters Group: U.K.-headquartered producer of precision superalloy and investment castings for aerospace engines, industrial gas turbines, and defense applications. Direct competitor in complex, mission-critical castings.
• Hitchiner Manufacturing: Largest U.S. investment casting producer focused on aerospace, defense, and industrial markets using similar counter-gravity and investment casting processes as Impro's aerospace vertical.
• Montupet (part of Linamar): French aluminum and iron casting specialist serving automotive and aerospace customers with investment, sand, and low-pressure die casting. Directly comparable to Impro on aluminum/aerospace casting capability.

Broad incumbents

• Magna International: Largest North American automotive Tier 1 supplier with diversified engineered products, casting, and machining capabilities for powertrain, body, and chassis. Comparable in automotive casting/machining footprint though broader in scope.
• Parker Hannifin: Global motion and control technologies leader with major industrial hydraulics, fluid handling, and aerospace systems businesses. Overlaps with Impro Fluidtek in hydraulics and with Impro Aerotek in aerospace components, while also being a customer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/improprecision
• YouTubeyoutube.com/c/improprecision
• Facebookfacebook.com/improprecisionindustries
• LinkedInlinkedin.com/company/improprecision

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impro