Masan Tungsten Limited Liability Company (MTC), a wholly-owned subsidiary of Masan Resources Corporation (MSR), today announced the completion of its purchase of the tungsten business of H.C. Starck Group GmbH (HCS).
|The modern facility of Masan Resources |
HCS is a leading manufacturer of high-tech tungsten metal powders and carbides (midstream tungsten products). HCS has production hubs in Europe, North America, and China serving customers across the globe.
A highly qualified and professional team of experts in research and development (R&D) and application engineering, coupled with modern automated manufacturing processes ensure HCS’ customers benefit from the highest and most consistent quality products.
HCS owns 105 patents and patent applications and other intellectual properties to manufacture innovative products such as ultrafine size tungsten compounds. In addition, HCS is one of the few companies in the world with a comprehensive, environmentally sound tungsten scrap recycling platform backed by proprietary intellectual property.
|H.C. Starck’s factory in Germany |
This transaction is a strategic step in executing MSR’s vision to become a world-leading vertically integrated high-tech industrial materials platform. MSR’s low cost, the stable primary supply of APT, combined with HCS’ scrap recycling platform, will provide MSR with a globally competitive edge.
The advantages of being an integrated high-tech industrial materials platform are expected to enable MSR to generate strong and consistent cash flows across price cycles and expand MSR’s addressable market 3.5-fold from $1.3 billion to $4.6 billion.
With the closing of the transaction, MSR immediately becomes a leading midstream tungsten products supplier across critical industries such as mechanical engineering and tool making, mining, automotive and energy, aviation, and the chemical industry.
This transaction will not only create a high-tech industrial company in Vietnam of global scale but more importantly, will also enhance Vietnam’s competitive edge in the global tungsten market by owning a cutting-edge R&D and technology platform, which shall provide Vietnamese workforce opportunities to develop engineering skills in the high-tech manufacturing space as part of the globalisation of MSR’s business.
Key regulatory approvals required for the transaction have been achieved.
|H.C. Starck’s facility in Sarnia Canada |
Masan Resources, a leading supplier of critical minerals including tungsten, fluorspar, and bismuth, is currently operating a world-class polymetallic mineral resource and chemical processing plant in northern Vietnam. Masan Resources' vision is to show the world that a Vietnamese company can lead to the transformation of the global tungsten market.
Die H.C. Starck-Gruppe is a leading international supplier of refractory technology metals, supplying growth industrial sectors such as electronics, the chemical industry, automotive, medical technology, aviation and aerospace, energy and environmental technology, and machine and tool building from its own production locations in Europe, America, and Asia.
H.C. Starck Tungsten Powders is a leading global specialist for the development, manufacturing, and sale of high-performance powders based on the technology of metal tungsten and its compounds, tailored to individual customer needs. Thanks to patented recycling technology, the company mainly processes secondary raw materials. In addition, the owner Masan Resources ensures direct access to primary raw materials.