The Japanese TDK for cooperation with Chinese companies to produce rare earth magnets
According to Japanese media reports, the Japanese TDK company on April 26, announced to the Chinese local enterprise department of a joint venture company production of rare earth magnets.
China accounts for most of the global rare earth production, rare earth alternative raw material development is ongoing. But TDK plans to build in China one-stop production system from raw material procurement to the magnet, in order to ensure product supply stability. Using rare earths as raw materials of high performance magnet needs in areas such as hybrid cars are expected to increase.
New company name as "guangdong east electrochemical guang sheng rare earth new materials co., LTD.", the registered capital is $33 million, five months was established in guangdong. From the point of capital contribution ratio, TDK (59%), is engaged in the manufacture and sale of guang sheng non-ferrous metals (37%), Japan's trade accounted for 4% of the east China sea.
The new company will produce environmental protection car motor using high-performance neodymium magnets. Will be stable in the local procurement Chinese production of dysprosium, as additive, compete with low price products made in China.
Around China's production of high performance magnets, TDK, discuss with showa denko joint venture last year. Because the Japanese economy, trade and industry to implement technology transfer restrictions, the results had to be aborted. TDK said, if the establishment of the joint venture company and operations are unable to get government approval between the two countries, and is also likely to dissolve the joint venture company.
In addition, TDK announced the same day, will be in March 2014 before the suspension of the blu-ray disc (BD) related business. Is the whole sale or part of the transfer and other issues will be finalised in the future.
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