Shin-Etsu Chemical Co., Ltd. (Head Office: Tokyo,
President: Shunzo Mori) has established Shin-Etsu
(Changting) Technology Co., Ltd., a 100%-owned Shin-Etsu
Group company in Fujian Province, China. This company will
manufacture magnet alloys, which are an intermediate
material for rare earth magnets. The amount invested is
¥1.5 billion, and the production capacity of its plant will
be 3,000 tons/year. The new company is scheduled to begin
operations in January 2013.
In order to diversify the procurement of rare earths, which
become the raw materials for rare earth magnets, for some
time Shin-Etsu Chemical has been participating in and
cooperating with efforts for new rare-earth mining
development worldwide. Now, as a part of these efforts,
Shin-Etsu has decided to manufacture rare earth iron boron
alloys in China, which has abundant rare earth
resources.
Rare earth magnets are used in various motor applications
starting with hybrid cars, as well as home appliances such
as energy-saving air-conditioners and hard disk drives
(HDDs) for personal computers, and in the future, further
demand growth is expected in such energy-saving fields such
as electric vehicles (EVs) and wind power generation.
Shin-Etsu Chemical is continuously working to reduce its
usage amount of rare earths and to assure the stable
procurement of rare earths. In addition to working to
diversify our procurement sources of rare earth raw
materials, we are implementing a new manufacturing
technology, the grain boundary diffusion method developed
by Shin-Etsu, which cuts in half the amount of dysprosium
used in rare earth magnets, and we are making more
effective use of rare earths by means of recycling them as
raw materials for magnets.
Outline of new Shin-Etsu Group manufacturing company for
magnet alloys
1. Name:
Shin-Etsu (Changting) Technology Co., Ltd.
2. Location:
Longyan Rare Earth Industrial Park
Changting County, Longyan City, Fujian Province, China
3. President:
Toshihiro Tsuji
4. Main Business:
Production of magnet alloys used for the manufacture of
rare earth magnets
5. Start of operations:
Scheduled for January 2013
6. Capital:
¥1.5 billion
7. Production Capacity:
3,000 tons/year
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This press release was issued by Shin-Etsu Chemical Co. Ltd. and was initially posted at http://www.shinetsu.co.jp/e/news/s20120322.shtml . It was distributed, unedited and unaltered, by noodls on 2012-03-22 09:54:35 AM. The issuer is solely responsible for the accuracy of the information contained therein.
Shin-Etsu Chemical Co., Ltd. is a chemical group organized around 3 products family:
- chemical products (52.8% of net sales): polyvinyl chloride, silicones, methanol, methane chloride, cellulose derivatives, caustic soda, silicon, etc.;
- materials for electronic products (40.7%): encapsulation materials made with silicone, resins, adhesives, etc. for semiconductors, LED products, etc.;
- other (6.5%).
Net sales break down geographically as follows: Japan (26.1%), Asia (34.2%), the United States (22.9%), Europe (10.2%) and other (6.6%).