Exhibit 21.1

SUBSIDIARIES OF THE COMPANY

Name of Subsidiary	State or Jurisdiction of Incorporation
AMK Welding Inc.	Delaware
DMC Korea Inc.	Colorado
DYNAenergetics Beteiligungs GmbH	Germany
DYNAenergetics Canada Inc	Canada
DYNAenergetics GmbH & Co KG	Germany
DYNAenergetics Holding GmbH	Germany
DYNAenergetics NA, LLC	Colorado
DYNAenergetics RUS	Russia
DYNAenergetics US, Inc	Colorado
Dynamic Materials Corporation (HK) Ltd	Hong Kong
Dynamic Materials Luxembourg 1 S.a r.L	Luxembourg
Dynamic Materials Luxembourg 2 S.a r.L	Luxembourg
DMC Dynaplat GmbH & Co KG	Germany
DMC Dynaplat Holdings GmbH	Germany
KAZ DYNAenergetics	Kazakhstan
LLC DYNAenergetics Siberia	Russia
Nitro Metall Aktiebolag	Sweden
Nobelclad Europe S.A.	France
Perfoline	Russia