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Home / Metal News / [Rare Earth] Zhongke Sanhuan, Hitachi Metals to Build JV for NdFeB Production

[Rare Earth] Zhongke Sanhuan, Hitachi Metals to Build JV for NdFeB Production

Jun 24, 2015 11:01

Source:SMM

Beijing Zhongke Sanhuan Hi-Tech Co. inked an agreement with Hitachi Metals, Ltd. on June 18 to establish a JV dedicated to NdFeB production.

SHANGHAI, Jun. 24 (SMM) –Beijing Zhongke Sanhuan Hi-Tech Co. inked an agreement with Hitachi Metals, Ltd. on June 18 to establish a JV dedicated to NdFeB production, it said in a statement filed to the Shenzhen Stock Exchange on June 19.

It is planned that the JV will start mass production in 2016, with initial annual output target of 2,000 tonnes and ultimate annual output goal of 6,000 tonnes.

The JV is named as Hitachi Metals Sanhuan Magnet (Nantong) Co. Hitachi Metals will hold 51% stake in the JV, and the rest 49% by Zhongke Sanhuan.

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Beijing Zhongke Sanhuan Hi-Tech Co.

Hitachi Metals

Ltd.

NdFeB JV

Chinese news summary

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