October 8, 2008
Showa Denko to Make Magnet Materials in Vietnam
Tokyo, Oct. 8 (Jiji Press)--Japanese chemical maker Show Denko K.K. said Wednesday it has set up a subsidiary in Vietnam to make raw materials for rare-earth magnetic alloys.
Showa Denko Rare-Earth Vietnam Co. will start production of didymium and dysprosium metals in April 2010 at an annual pace of 800 tons.
In addition to motors for gas-electric hybrid vehicles and electronics products, rare-earth magnets are expected to be increasingly used in wind power generation.
The Vietnamese production is part of Showa Denko's efforts to secure stable supply of rare-earth magnet materials as the company now relies on China for procurement.END
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