Masan Resources' subsidiary to acquire German tungsten business
2019-09-19 10:12:58 [Print]
Masan Tungsten Limited Liability Company, a wholly owned subsidiary of Vietnam-based Masan Resources Corporation, has signed an agreement to buy the tungsten business of Germany's H.C. Starck Group GmbH.
Starck is a leading manufacturer of high-tech tungsten metal powders and carbides with production facilities in Europe, North America and China and customers across the globe.
Masan Resources's low-cost, stable primary supply of APT combined with Starck's scrap recycling platform will provide the former with a competitive edge globally.
Closing of the transaction is subject to certain regulatory approvals in Vietnam.
Starck is a leading manufacturer of high-tech tungsten metal powders and carbides with production facilities in Europe, North America and China and customers across the globe.
Masan Resources's low-cost, stable primary supply of APT combined with Starck's scrap recycling platform will provide the former with a competitive edge globally.
Closing of the transaction is subject to certain regulatory approvals in Vietnam.
Tungsten APT 88.5%min FOB China
Unit:USD/mtu
China APT Producers' inventory to production ratio statistics by province by month
Unit: %
