Shin-Etsu establish manufacturing facility in China

Shin-Etsu to establish manufacturing facility in China

3:57 AM, 22nd March 2012
Shin-Etsu to establish manufacturing facility in China

TOKYO, JAPAN: Shin-Etsu Chemicals has established Shin-Etsu Technology Ltd, a wholly 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 ($18 million), and the production capacity of its plant will be 3,000 tonne per year. The new company is scheduled to begin operations in January 2013.

Shin-Etsu Chemical is continuously working to reduce its usage amount of rare earths and to assure the stable procurement of rare earths. The company is implementing a new manufacturing technology, the grain boundary diffusion method, which cuts in half the amount of dysprosium used in rare earth magnets, and make more effective use of rare earths by means of recycling them as raw materials for magnets.

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