New partnership to market atomised powders

New partnership to market atomised powders

H.C. Starck strengthens tungsten business in China H.C. Starck has signed a joint venture with Jiangxi Rare Metals Tungsten Holding Group Co Ltd (JXTC...

30KB Sizes 26 Downloads 177 Views

H.C. Starck strengthens tungsten business in China H.C. Starck has signed a joint venture with Jiangxi Rare Metals Tungsten Holding Group Co Ltd (JXTC), one of China’s largest tungsten mine operators, to produce advanced tungsten chemicals, metal and carbide powders in China. Based on the agreements, the joint investment sum will be 800 million RMB (€85 million) to establish two companies based in the Chinese city of Guanzhou. With an installed capacity of 30,000 tons, by 2012 both companies say they will be producing approximately 10,000 tons of advanced tungsten products for the market annually. Each partner holds the majority share in one of the two companies: JXTC in the manufacturer of ammonium paratungstate and tungsten oxide, and H.C. Starck in the manufacturer of tungsten metal powder and tungsten carbide. H.C. Starck says that the joint venture is a crucial element of the company’s strategy to expand its

presence in China. “This Joint Venture is our largest project in China to date and is a core part of our growth strategy in Asia,” said Andreas Meier, CEO of H.C. Starck. “With this step, we aim to significantly accelerate our capabilities to better serve the fast growing Chinese market. The combination of a longterm secured supply of raw materials and a high level of technology expertise will enable us to provide the fast-growing Chinese market with advanced and highquality tungsten products.” Zhong Xiaoyun, President and CEO of JXTC, said: “Both JXTC and H.C. Starck are key players in the refractory metals industry, and have a unique expertise and a long-standing company history. This joint venture will definitely have a very positive impact on China’s as well as on the world’s refractory metal industry development.” The joint venture agreements are subject to governmental approval.

New partnership to market atomised powders Chinese atomised powder specialist AT&M is to partner with powder materials provider Burkard Metallpulver Vertrieb GmbH (BMV) to sell and market atomised powders used in metal injection moulding (MIM), thermal spraying and rapid tooling processes. BMV will now represent AT&M in Europe, where it already markets products from Eurotungstene, France (W, W/Cu, Ni, FeNi), AP&C (Raymor), Canada (Ti),

metal-powder.net

Hilderbrand CH (Ag, Au, Pd) and H.C. Starck (refractory metal components) and Wall Colmonoy UK (Fe-base thermal spray powders). “AT&M is pleased to have reached this agreement with BMV,” said Jing Chenghai, general manager of AT&M’s PM division. “It enables us to ensure stringent and successful marketing of our powder products, especially for use in MIM, and to learn about the particular market requirements in Europe.”

July/August 2011 MPR

7