Shin-Etsu Chemical Co. (Tokyo, Japan; www.shinetsu.co.jp) will double the production capacity of Shin-Etsu Magnetic Materials Vietnam Co. (SMMV), its Group company located in Vietnam’s Hai Phong Province that manufactures rare-earth magnets.
At present, SMMV’s rare-earth magnet production capacity is 1,100 metric tons per year (m.t./yr). As a result of the implementation of this production expansion, it will double its production capacity to 2,200 m.t./yr, In addition, at the same time, SMMV will achieve an integrated manufacturing system from rare earth raw materials’ separation and refinement to the pressing method and sintering process. The completion of the construction project is scheduled for the middle of 2018.
SMMV completed the construction of a rare-earth magnet manufacturing plant in Vietnam in 2016 and started its operations. The expansion of its production capacity at this point in time represents the startup of the implementation of the second-phase portion of the plant’s construction work, and the objective is to cope with the increasing demand for rare-earth magnets, mainly for automobile applications.
This time, together with the expansion of the rare-earth magnets production capacity at its Vietnam facilities, by establishing an integrated manufacturing system at SMMV, Shin-Etsu will be able to further strengthen its stable supply system to its worldwide customers.
The rare earth magnets manufactured at SMMV will be shipped to end-users after being processed at magnet machining processing plants that Shin-Etsu Chemical has established in other countries in Southeast Asia.
Rare earth magnets are used in a wide range of applications, such as automobile applications including hybrid cars and electric cars, energy-saving air conditioners and hard disk drives.