Masan High-Tech Materials innovation milestones over a decade
Over the past 11 years of development, Masan High-Tech Materials has re-positioned itself from a mining company to leading global integrated supplier of high-tech materials.
Masan High-Tech Materials Corporation is one of Vietnam’s largest integrated industrial mineral and chemical producers. The Nui Phao polymetallic-tungsten mine in Dai Tu District, Thai Nguyen Province, managed and operated by Masan High-Tech Materials, has been identified as one of the world’s largest tungsten mines with a government license allowing for mining and processing of a total resource of 83,220,000 million tons of tungsten-polymetallic ore.
Masan High-Tech Materials is also a globally significant producer of fluorspar and bismuth. The company is a subsidiary of Masan Group, one of Vietnam’s leading businesses, operating the leading growth investment portfolios and business lines of Vietnam economy.
The company’s product lines are strategic and key elements in the supply chain of global business, integrated into ongoing innovations in the semi-conductor materials sector, 3D printing, robotics, electric cars, renewable energy, medicine, aviation and aerospace.
Masan High-Tech Materials has been increasingly recognized domestically and internationally as a well-established mining and high-tech materials company. The company has adopted sustainable practices in mineral mining and refining activities together with innovative recycling technologies to create advanced high-tech materials, servicing critical industries globally.
The company established its first high-tech R&D center in 2015. With the goal of optimizing resources and improving product quality, the company continued focusing on advanced technology investment, skilled human resources training, production of value-added products, leading to high export value.
In 2017, Masan High-Tech Materials invested in two more hi-tech processing lines with a total investment of over $9 million, including the Fluorspar flotation and high gravity Tungsten recovery circuits. These were state-of-the-art global production lines in the world at the time.
In June 2020, Masan High-Tech Materials completed the acquisition of the tungsten business of H.C. Starck, then changed its name from Masan Resources to Masan High-Tech Materials to reflect global ambitions. The acquisition of H.C Starck Tungsten Powders provides Masan High- Tech Materials with advanced manufacturing centers in each of the key market regions like NAFTA, EU and APAC with manufacturing facilities in Germany, Canada and China.
Meanwhile, Masan High-Tech Materials can leverage H.C. Starck’s downstream technology including leaching technology using caustic soda with high reuse of chemicals; super-clean refinery technology using chemicals to precipitate impurities and solvent extraction technology to reduce wastewater to the environment.
With focus on innovation, investment in research and development to apply and master advanced technology, Masan High-Tech Materials has gradually asserted its capacity and position in the markets of North America, Europe and Asia.
In October 2020, the company signed an agreement to establish a strategic alliance with Mitsubishi Materials Corporation (Japan) with an objective to develop an integrated leading high-tech tungsten materials platform. The transaction validated the transformation of Masan High-Tech Materials into a vertically integrated high-tech tungsten platform and asserted its position as a global high-tech materials producer.
Innovation is integral to the ‘Go Global’ development strategy of the company, to demonstrate to the world that a Vietnamese company can lead the transformation of the global tungsten market by working closely with our customers to deliver local solutions developed globally. The success of Masan High-Tech Materials lies in the combination of a world-class research and development foundation and a team of dedicated and highly specialized engineers. Our products satisfy rigorous technical requirements, thereby meeting the ever-changing needs of customers,” a Masan High-Tech Materials representative stated.