Masan High-Tech Materials’ strategic materials awarded as “Vietnam Golden Product 2022”

Jul 22, 2022

Masan High-Tech Materials was the only representative in the high-tech materials sector honorably awarded “Vietnam’s Top 50 Leading Brands 2022” and “Golden Product 2022” by the Vietnam Intellectual Property Association.

On 16 July 2022, in Hanoi, the Vietnam Intellectual Property Association organized the Award Ceremony for Vietnamese leading trademarks and Vietnamese golden products and services in 2022. At the ceremony, Masan High-Tech Materials Corporation (“Masan High-Tech Materials” or “MHT”) was the only representative in the high-tech materials sector honorably awarded “Vietnam’s Top 50 Leading Brands 2022” and “Golden Product 2022”.

Representative of Masan High -Tech Materials at the Ceremony

The Program aims at encouraging businesses, organizations, and individuals who have actively worked to provide innovative products and high-quality services for the market, positively influencing national economic growth and strengthening Vietnamese brands’ market position on the world’s economic map.

Masan High-Tech Materials is the world’s leading manufacturer of high-tech tungsten metal powders and tungsten carbide (mid-stream tungsten products), serving customers all over the world with the production hubs in Vietnam, Germany, Canada and China. Masan High-Tech Materials has two research and development centers in Germany and Vietnam. The Company is currently operating Nui Phao polymetallic mine and a state-of-the-art tungsten processing plant in Thai Nguyen province. The Company is also a globally significant producer of Fluorspar and Bismuth.

MHT’s Tungsten chemical products including APT, YTO, BTO are recognized by the Ministry of Industry and Trade as industrial products with a purity of over 99%. This places Masan High-Tech Materials among the few tungsten suppliers outside of China having direct connection with a resourceful base, enabling the business to go downstream and turn Vietnam’s strategic tungsten resources into higher value tungsten chemicals.

In a recent collaboration project between Masan High-Tech Materials and the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) in Germany, the high-tech tungsten products produced by Masan High-Tech Materials are tested to apply in tungsten-based cathode coatings in lithium-ion batteries to improve performance and safety in batteries. Initial research results showed that this coating is suitable for some tungsten precursors. The two units have implemented the first coating tests and will plan to do electrochemical investigations in the next stage.

Beyond the battery technology, Masan High-Tech Materials recently announced the signing of definitive agreements to invest into Nyobolt Limited, a fast-charging Lithium-ion battery solutions company headquartered in the United Kingdom. Using high-tech tungsten materials of Masan High-Tech Materials for anode coating, Lithium-ion batteries manufactured by Nyobolt achieves record-breaking high-power density and ultra-fast charging. This breakthrough step will create new innovations in the design of fast-charging batteries, extending batteries’ capacity and lifespan.

Mr. Phan Chien Thang – Director of Media, Community and External Relations shared: “We are working towards a circular economy, targeting sustainable development through focused efforts in Tungsten recycling to achieve green and effective manufacturing. In the near future, Tungsten will not only be one of the strategic high-tech materials we supply to the global sunrise industries, but a key element for high-performance battery products commercialized in the global market”.

“Vietnamese Leading Trademark – Vietnamese Gold Product, Golden Service” awards demonstrate the Vietnam Intellectual Property Association’s recognition, objective assessment, timely praise for the excellence and commendable efforts of Vietnamese enterprises. The program also enables enterprises to realize the benefits and methods to build their brands, products, services in the integrated market. This award once again affirms that Masan High-Tech Materials’ tungsten products are Vietnam’s key strategic materials, elevating the brand of Masan High-Tech Materials in the global high-tech market.