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

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

Company News 11:01:37AM Jun 24, 2015 Source:SMM
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.  
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

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

Company News 11:01:37AM Jun 24, 2015 Source:SMM
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.  
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.